Property listed by Douglas Elliman, Deborah Perkins 310-595-3888
$1,549,000
5-unit income property comprised of 2 separate buildings, featuring a desirable unit mix of (2) 3-bedroom units and (3) 2-bedroom units, along with 3 garages. Property features include copper plumbing, updated gas lines, ABS drainage for the plumbing in both buildings, updated electrical including receptacles, LED lighting fixtures, ceramic flooring… Read More throughout the units, security gates, and granite kitchen countertops. Both buildings have composition roofs with replaced roof sheathing. The property has tankless water heaters, along with separate gas meters and electrical panels. Units include in-unit laundry, with most appliances owned by the building. Fully occupied with consistent rent collection. Rents were recently increased, providing in-place income with remaining upside potential. Owner pays water and sewer. Located across from Elgin Sutton Recreation Center, the property offers a desirable setting that supports strong tenant demand. An attractive opportunity for investors seeking stable cash flow with strong in-place fundamentals. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
13
Square Ft.
3,746
Lot Size
0.13 Acres
Year Built
1923
MLS Number
26827561
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1923, Living area: 3746.0, 2 buildings, 2 stories, Levels: Two
Cooling
None
Garage
3 spaces
Heating
NaturalGas
Income
Gross Income: $135,600, Net Operating Income: $94,791
Lot
0.1347 acres
Parking
5 total parking spaces, Carport
Taxes
Parcel Number: 6038015050, Zoning: LARD2
Tenant Pays
Electricity, Gas, TrashCollection
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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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