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44606 Date Ave
For Sale $625,000 ($347.22 per Sq Ft)
$625,000 ($347.22 per Sq Ft)
- 5 Bedrooms
- 2.00 Bathrooms
- 1,800 Sq Ft
- 7,807 Sq Ft
Description
Been on the market for some time, BECAUSE current owner is happy to hold as making over $64,000 a year income. FYI Won't work with a tradition loan, as lenders probably won't appraise at value, as it is only a 2 unit property. Owner is selling for $625,000 on fact that this is over $64,000 a year income a 10% gross income property, and there is nothing out there in the market like this. This is a DIAMOND. If you depend on a loan, 80% to 90% it won't work, so this property is not for you. If you can put down like 50% cash, then can work or if a 100% cash buyer then of course. Again, if you want to make a good return on your cash then this property is for you. Also Upside to convert Garage to 2 br unit, we got approved plans, and also add a 4th unit, so lots of upside for the next investor, my seller just wants his price to make it worth wild to sell. Just being honest here.
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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 | $625,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 1,800 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1928 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 3134023022 |
| MLS # | 22201689 |
| Property ID | 293318593 |
| Lot Sqft | 7,807 |
| Zoning | LRR2* |
| Total Units | 2 |
| Days on Market | 813 |
| Original List Price | $650,000 |
| Date Updated | January 03, 2024 |
| Date Created | September 20, 2022 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 0.00 | $100 | $100 |
| Unit #2 | 3 | 1.00 | $3,000 | $3,000 |
| Unit #3 | 3 | 1.00 | $2,290 | $2,290 |
| Gross Income (Yr) | $ 64,680 |
| Operating Expenses | $ 10,800 |
| Net Income (Yr) | $ 54,680 |
| Cap Rate | 7.21% |
Listing Provided By
Jason Hurst an agent of . Lic #02067523
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