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506 NE 28th Ave
For Sale $475,000 ($226.19 per Sq Ft)
$475,000 ($226.19 per Sq Ft)
- 16 Bedrooms
- 16 Bathrooms
- 2,100 Sq Ft
- 15,682 Sq Ft
Description
Discover an exceptional investment opportunity with this fully leased quadruplex, offering four clean and inviting 1-bedroom, 1-bath units. Each residence has been refreshed with light updates, giving the interiors a bright, tidy feel that tenants love— and investors appreciate.
This property delivers immediate stability and long-term value with a strong annual net income of $50,400. Every unit is already rented, making this a true turnkey, income-producing asset from day one.
The building sits on a well-maintained lot with solid construction and practical updates that help reduce ongoing maintenance and support consistent occupancy. Whether you're growing your portfolio or searching for your next reliable cash-flow generator, this asset checks the important boxes: condition, stability, and performance.
Opportunities like this are rare — a refreshed quadruplex with proven income and zero vacancy. The work is done; the returns are already in motion.
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 | $475,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,100 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1979 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2780002022 |
| MLS # | O6362268 |
| Property ID | 300418186 |
| Lot Sqft | 15,682 |
| Zoning | R3 |
| Total Units | 4 |
| Days on Market | 27 |
| Original List Price | $475,000 |
| Date Updated | November 27, 2025 |
| Date Created | November 26, 2025 |
Listing Provided By
Lorena Hernandez an agent of SAFETYNET REALTY. Lic #3437234
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of November 27, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT