$2,327,000
Beautiful Pride-of-Ownership Property in PRIME Location!!! Charming courtyard-style apartment complex consisting of 8 residential units—6 one-bedroom units and 2 two-bedroom units—along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases). **Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations. The property has 6 private garages, additional on-site parking, and common laundry facilities. **Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management. SEE SUPPLEMENTS FOR RENT ROLL & LOAN QUOTE
Click to interact with map
Listed by Olga Wright with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Mixed Use
Status
Active
MLS Number
SB26022408
Year Built
1964
Lot Size
8,355 sq ft