4-unit turn-key property with 3/4 units that will be delivered vacant and rent ready. Updated electrical and new copper plumbing. The building features one 2-bed/1-bath unit and three 1-bed/1-bath units, with 3 of the 4 units delivered vacant by close, offering a prime opportunity for… Read More an investor or owner-occupier. 4 uncovered parking spaces in the rear can be converted to two stacked ADUs. With this addition, the cap rate jumps from an already attractive 7.29% to an impressive 12.63%, offering substantial returns. For investors, this is a cash cow with the ability to stabilize and generate significant cash flow. For owner-users, it’s a perfect opportunity to occupy one unit, have two units cover your mortgage, and enjoy pure profit from the fourth unit. Don’t miss this rare chance to maximize value in a sought-after area! Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
Listing Snapshot
Days Online
17
Last Updated
Property Type
Quadruplex
Lot Size
0.11 Acres
Year Built
1930
MLS Number
SB24244146
30 Days Snapshot Of 90011
$500k
-17%
(avg) sold price
1
-87%
home sold
47
-47%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1930, Building area total: 2,292, 2 buildings, Common walls: NoCommonWalls
Community
Biking, StreetLights, Suburban, Sidewalks
Expenses
Operating expense: $22,043
Income
Gross income: $95,232, Net operating income: $68,428
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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