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STATUSClosedPROPERTY TYPEMulti Unit - MultipleSUBDIVISIONBuena Ventura
Property Description
This four-unit apartment building offers a strong investment opportunity with a current 9.39% cap rate at full asking price. The property features four residential 2 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. A new roof was installed August of 2023 Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow.
Property Features
Cooling: Evaporative Cooling
Days on Market: 73
Heating: Central
Lot Size: 0.19 Acres
Stories: 2.0
Taxes: $1,492
Year Built: 1977
Feature Descriptions
Appliances: Refrigerator
Community Features: Storage Facilities
Flooring: Vinyl
Parcel#: 102005734304640324
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
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