**DO NOT OVERLOOK THIS PROPERTY - THIS IS A RARE FIND**
Very palatable purchase price for very strong 6-unit apartment building with upside and easy to manage.
AS-IS, this is over a 7 CAP !!! (Approximately 7.5) AND THIS IS ONLY WITH 5 UNITS OCCUPIED!!!!
The tenant for the last unit will be moving in next month, at which point this will be OVER A 9 CAP !!!!!!!!!!
Only one unit has been remodeled, therefore the other 5 units (83% of the building) can still be improved. Also, the above Cap rates are INCLUDING a building management service that costs just under $3K a year - which means one of two things:
1. You can own a 9+ CAP building COMPLETELY PASSIVELY / LITTLE TO NONE OF YOUR TIME OR ENERGY,
2. Do some improvements if and when you want, OR manage the building yourself, to push OVER A 10 CAP.
It doesn’t take your Uncle Tom with a PHD in finance (or us) to help figure out that this is a screaming deal, especially for California.
Full tour of building upon accepted offer.
Note: All above income, expenses and calculations to be verified by buyer or buyer’s agent.
(If you are a buyer that wishes to have us work with you and write your offer, please let us know and we will promptly contact you + send and review with you all financial reports)
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.