MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last
The income description goes here to explain
| List Price | $2,200,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7272001002 |
| MLS # | DW23158483 |
| Property ID | 318685824 |
| Lot Sqft | 5,003 |
| Zoning | Unknown |
| Total Units | 20 |
| Days on Market | 835 |
| Original List Price | $3,000,000 |
| Date Updated | September 30, 2024 |
| Date Created | August 23, 2023 |
Financials not available online. Please inquire with your agent for more details.
Mark Velasco an agent of . Lic #01789768
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REAL ESTATE AGENT