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130 E Opp St
For Sale $1,998,000 ($443.11 per Sq Ft)
$1,998,000 ($443.11 per Sq Ft)
- 7 Units
- 4,509 Sq Ft
- 10,778 Sq Ft
- Unknown Cap Rate
Description
Proudly presenting this supreme opportunity for both investors and developers alike. 130 E Opp St is a prime rental income property with great current revenue as well as great potential and upside. Recent renovations are reflected in the improved rental income, especially from the four beautifully remodeled units; a brand-new ADU unit will be delivered at COE, along with substantial electric upgrades. In addition, approved plans to build two additional units have been obtained and will also be delivered COE, saving a lot of time and effort for the buyer. This gold mine is further bolstered by rental upside and potential to be turned into a 9-unit residential complex. 130 E Opp St truly is a best-of-both-worlds: a stable property with great current income that also oozes undeniable developmental value. High rental demand in the area is just the cherry-on-top.
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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 | $1,998,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,509 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1930 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7423005027 |
| MLS # | 25479497 |
| Property ID | 319643634 |
| Lot Sqft | 10,778 |
| Zoning | LAR3 |
| Total Units | 7 |
| Days on Market | 59 |
| Original List Price | $2,078,000 |
| Date Updated | February 25, 2025 |
| Date Created | January 14, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $1,255 | $2,700 |
| Unit #2 | 2 | 1.00 | $2,700 | $2,700 |
| Unit #3 | 1 | 1.00 | $1,765 | $1,900 |
| Unit #4 | 1 | 1.00 | $1,800 | $1,900 |
| Unit #5 | 1 | 1.00 | $1,035 | $1,900 |
| Unit #6 | 1 | 1.00 | $1,855 | $1,900 |
| Unit #7 | 2 | 1.00 | $2,400 | $2,400 |
| Gross Income (Yr) | $ 153,720 |
| Operating Expenses | $ 39,437 |
| Net Income (Yr) | $ 114,283 |
| Cap Rate | 5.50% |
Listing Provided By
MiJeong Kim an agent of . Lic #01887660
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