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6821 11th Ave
For Sale $1,695,000 ($303.76 per Sq Ft)
$1,695,000 ($303.76 per Sq Ft)
- 8 Units
- 5,580 Sq Ft
- 8,500 Sq Ft
- Unknown Cap Rate
Description
8 units 'across the street' - also attractive and well run, like its big brother. 7 unit in the front building and then a freestanding 3 Bed bungalow-style unit in back. LARGE, 8,500 sq. ft. lot means you can add an ADU, maybe two (BTV) in the spacious parking area between the main building and the bungalow-style unit in the rear. Attractive front lawn and gated-access entry. 6.9% CAP DAY ONE 9% CAP PROFORMA BALANCED UNIT MIX ADD AN ADU (OR TWO) EXCLUSIVELY LISTED AT $1,695,000 PRICE RECENTLY REDUCED SOLD ALONG WITH 26 UNITS AT 6812 11TH ACROSS THE STREET - BUILDNGS CAN BE SOLD SEPARATELY.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,695,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,580 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1958 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4006025023 |
| MLS # | 25492615 |
| Property ID | 291502773 |
| Lot Sqft | 8,500 |
| Zoning | LAR3 |
| Total Units | 8 |
| Days on Market | 42 |
| Original List Price | $1,695,000 |
| Date Updated | February 05, 2025 |
| Date Created | January 28, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 2.00 | $2,807 | $2,807 |
| Unit #2 | 2 | 1.00 | $1,972 | $5,917 |
| Unit #3 | 1 | 1.00 | $1,553 | $6,212 |
| Gross Income (Yr) | $ 175,669 |
| Operating Expenses | $ 58,836 |
| Net Income (Yr) | $ 116,833 |
| Cap Rate | 6.89% |
Listing Provided By
Brice Head an agent of . Lic #01330706
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