Property listed by Beverly and Company, Inc., Nathan Paterson 818-382-4160
$799,900
Excellent investment opportunity with the flexibility to live in one unit while renting out the other. Minutes from the center of downtown Newhall and close to public transportation. The upper unit features 2 bedrooms and 1 bathroom, while the lower unit offers 1 bedroom and 1 bathroom. The lower unit… Read More can be delivered vacant, offering the flexibility for either long-term rental or short-term use such as Airbnb. Both units have been upgraded with two ductless heating and air-conditioning systems, stainless steel appliances, wide-plank laminate flooring, elegant white cabinetry, and modern finishes. Each unit also includes two dedicated parking spaces. This duplex offers a 7% cap rate with long-term rentals or the potential for immediate cash flow through short-term rentals. This property presents strong value-add potential with the ability to add two more units, converting it into a fourplex and boosting the cap rate to 12% (building plans available upon request). Conveniently located near shopping, schools, restaurants, and the redeveloping downtown Newhall, this property is packed with potential. Whether you're an investor looking to lease or a homeowners interested in reducing their mortgage by renting out one unit, this duplex is a must-see! Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,346
Lot Size
0.07 Acres
Year Built
1958
MLS Number
25545529
30 Days Snapshot Of 91321
$780k
+19%
(avg) sold price
21
+31%
homes sold
85
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1958, Building area total: 1,346, Levels: Two, Living area: 1346, 2 stories, 1 building
Income
Gross income: $69,588, Net operating income: $54,588
Laundry
InKitchen, Stacked
Lot
0.0716 acres, 3,121 square feet, Size: 3,121
Parking
4 totals parking, Driveway
Property
Zoning: SCSP
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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