$1,648,000
4-unit apartment building. Each large unit offers 1 bedroom, 1 bathroom, plus a spacious bonus room ideal as a den or second bedroom, along with walk-in closet. The property features a community laundry room, huge backyard/garden, camera system, upgraded electrical, copper plumbing, and a redwood foundation. Most utilities are paid by tenant .Excellent developer opportunity. Potential to build up to 7 units totaling approximately 12,600 square feet across 4 stories, with the possibility of only one low-income unit required. Parking not required. Also you can keep all 4 units and build ADU in the back. Buyer to verify all development potential and perform their own due diligence. Property is well managed. Two units are owner-occupied and can be delivered vacant. Remaining tenants are month-to-month. If desired by the buyer, the owner may remain as a tenant. This is a turn-key, pride-of-ownership asset and a strong addition to any investment or development portfolio.
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Listed by Elham Khani with Coldwell Banker Realty (310) 820-6651
Property Type
Residential Income
Status
Active
MLS Number
26647153
Year Built
1931
Lot Size
5,232 sq ft