Investment Overview
Built in 1988, this well maintained 5-unit multifamily investment offers immediate income with built-in upside. The property features an excellent unit mix consisting of (4) 2bed/1bath units & (1) 3bed/2bath Townhome unit, catering to the strong tenant demand in the area. One 2bed unit delivered VACANT at COE. Most rents are near market, with an estimated 14% rental upside after vacancy leased.
Efficiently operated with very low expenses, making it an ideal passive investment that does not require professional management. Parking is a major advantage, offering 10 total spaces: one 2-car garage and 8 tuck-under spaces. This asset is a compelling opportunity to acquire a newer-built, low maintenance multifamily property with immediate income.
Investment Highlights
- - Buyer's Walk Through Friday 20th 12pm - 2pm of vacant unit only (2bed unit) & exterior
- - 10 parking spaces
- - ADU potential without losing parking! (Huge Storage Space in Tuck-Under)
- - AB1482 State Rent Control
- - Turn Key Asset with minimal Management required
- - OM Attached!