5 (almost) finished lots on Anza, all 1/2 acre or larger.Each lot can be sold separately for $950,000The city has processed one of the 5 lots for the following development:(2) homes, 2,200 square feet each(2) ADU's (upstairs + downstairs)Total 10 home + 10 ADU's on these lotsEach of the remaining 4 lots are approvable for the same exact development.Basis of value:House Rent = $5000 per month; ADU rent = $2000 per monthTotal rent for the (4) units on each lot = $14,000 per monthX 5 lots = $70,000 per month X 12 months = $840,000x.75 = 630,000 Net Operating Income5% cap rate = $12,600,000 value of 20 units total/4 on each lot
Some words will not translate correctly. By using this feature, you accept this risk and agree to release Berkshire Hathaway HomeServices and its franchisees from any claims or damages resulting from incorrect translation.
Gary & Colleen Wolfson Office: (818) 597-4513 Email
Berkshire Hathaway HomeServices does not endorse any of the products or vendors, referenced on this material.
Any mention of vendors, products, or services is for informational purposes only.
Member of: Berkshire Hathaway HomeServices California Properties, (858) 792-6085 Agent Login | Agent CRM Login
Our website uses cookies, including third parties’ profiling cookies, to improve your user experience. You can learn more about how we use cookies and how to change your
cookies settings in our Privacy Policy. By closing this message, clicking above or continuing to use this site, you consent to our use of cookies.