Two great homes on one lot with strong income potential! Live in one and rent out the other, or maximize cash flow by leasing both. The main home offers 3 bedrooms, 2 bathrooms, and 1,118 sq ft with central heating and air, an attached garage, private yard, and a spacious… Read More primary suite. Currently rented at $1,650 per month.
Tucked privately behind the main home with its own alley access, the second home feels completely separate from the front property. This 1 bedroom, 1 bathroom home plus den offers approximately 900 sq ft, its own private yard, and excellent rental potential at approximately $1,400+/- per month. The rear unit also features a newer mini split system and newer roof. Both have their own laundry. The back unit is expected to be vacant soon, creating a great opportunity for a new owner to either move in while collecting income from the front home or lease the back unit at market rent.
Both units have separate water and power meters, and tenants pay all utilities including trash, helping keep ownership expenses low and making this an investor-friendly opportunity. The seller has maintained the property to the best of their ability and has invested thousands of dollars over the past few years to improve the overall appeal and condition of the homes. Conveniently located just a short walk to the bus station and in site of Raley’s shopping center, this is an excellent opportunity for investors or owner-occupants seeking flexibility, convenience, and income potential.
Interested prospects to provide verification of qualifications and an offer subject to interior inspections only; to limit disturbance of tenant/s.
Income and expenses general estimates. Read Less
Property listed by 100 for 100 Realty, Mario Gattavara 310-259-7556
Listing Snapshot
Days Online
88
Last Updated
Property Type
Duplex
Lot Size
0.14 Acres
Year Built
1961
MLS Number
OR26103047
Additional Details
Building
Built in 1961, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: Ground
Community
StormDrains, StreetLights, Sidewalks, Urban
Cooling
CentralAir, Ductless
Expenses
Insurance: $2,100, Operating: $2,100
Fireplaces
None
Garage
1 spaces
Heating
Central, Ductless
Home Owner's Association
Association Fee: $0
Income
Gross Income: $36,600, Gross ScheduledIncome: $36,600, Net Operating Income: $34,500
Laundry
InGarage
Lot
0.14 acres, Level, RectangularLot, StreetLevel, Trees
Parking
1 total parking spaces, Driveway, Garage, OffStreet
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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