Turnkey 9-Unit Apartment Package – Strong Upside, Prime Investment
Rare opportunity to own a fully rented 9-unit multifamily property consisting of two well-maintained, all-brick buildings on a single parcel. Currently generating $88,000 in gross annual income, with immediate potential to increase rents to over $116,000+ with minimal effort.
This is a true value-add opportunity:
Five tenants are month-to-month, and several leases expire later this year — offering excellent flexibility for rent adjustments or repositioning.
All units are in excellent condition — no deferred maintenance or heavy lifting required.
Separately metered electric for each unit allows for simplified landlord operations and clear tenant accountability. Storage and Laundry areas for tenants
Whether you're looking for a cash-flowing asset or a long-term hold with appreciation upside, this property checks all the boxes. Perfectly suited for investors seeking stable returns and future growth.
The income description goes here to explain
List Price | $720,000 |
Property Type | Multi-Family |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 1925 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 68400064 |
MLS # | PASK2021588 |
Property ID | 321843483 |
Lot Sqft | 10,019 |
Zoning | COMMERCIAL |
Total Units | 9 |
Days on Market | 13 |
Original List Price | Unknown |
Date Updated | June 12, 2025 |
Date Created | June 01, 2025 |
Financials not available online. Please inquire with your agent for more details.
james J Reardon an agent of . Lic #RS342638
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT