RARE INVESTMENT OPPORTUNITY – UNIVERSITY PARK (HISTORIC DISTRICT) ???
Introducing a 14-unit multifamily building located in the highly desirable University Park area, a recognized historic district known for its character, architectural significance, and long-term stability. This is a major value-add project offering a rare opportunity for seasoned investors and developers to… Read More acquire and reposition a sizable asset in one of the area’s most sought-after neighborhoods.
The property requires a full rehabilitation, allowing a new owner to redesign, upgrade, and strategically reposition the building to meet today’s rental demand. This is a large-scale project, ideal for investors looking to maximize returns through a comprehensive renovation. A key advantage: all reports are already completed and available, providing transparency and a smoother path toward planning, budgeting, and execution.
University Park continues to experience strong appreciation and rising rental demand, driven by its historic designation, proximity to major universities, downtown, transit corridors, and ongoing revitalization efforts. Fully renovated multifamily properties in this area command premium rents and show consistent long-term value growth. Once rehabbed, this asset has the potential to become a high-performing income property with both immediate cash flow and significant equity upside.
Historic multifamily assets in central, high-demand locations are becoming increasingly scarce. Investors who successfully execute projects like this often see substantial increases in property value, long-term rent stability, and strong resale potential. This is the type of opportunity that builds generational wealth and a resilient investment Read Less
Property listed by Luxury Collective, Ivette Bertin 818-915-0160
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1964
MLS Number
SR26014675
Additional Details
Building
Built in 1964, 1 building, 3 stories, Entry level: 1, Entry location: front
Community
Suburban, Valley
Expenses
Operating: $45,000
Garage
14 spaces
Income
Gross ScheduledIncome: $200,000, Net Operating Income: $21,000
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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