Cashflow is king and this building offers it in spades! This is the best priced investment within a five mile radius; it's a great "buy and hold" play with immediate upside. The city-allowed 4% increase has not been implemented yet, all units are renting slightly below market value and two of them are expected to become vacant in the near future. When I negotiated the acquisition in 2009, this property was grossing just over $67,000 annually. Today, ACTUAL rents are $99,900. New owners could estimate the income to surpass $110,000 in the first year. Developers are cautioned to review the public record and the attached excerpt from the title report. Despite being located within R3 zoning, there is an easement which might preclude construction of additional units.
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.