8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
The income description goes here to explain
List Price | $3,288,000 |
Property Type | Other |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 39 spots |
Year Built | 1989 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | Unknown |
MLS # | 41046945 |
Property ID | 320148380 |
Lot Sqft | 28,750 |
Zoning | cn |
Days on Market | 447 |
Original List Price | $4,800,000 |
Date Updated | January 13, 2025 |
Date Created | January 06, 2024 |
Financials not available online. Please inquire with your agent for more details.
Richard Mao an agent of . Lic #01208299
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 13, 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.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT