$900,000
Excellent income-producing quadplex ideal for investors or owner-occupants. This well-maintained property offers strong returns with a 7.9% cap rate and an 11.4 GRM, located in a city with no local rent control: over $6500 monthly rental income and potential for much more. The desirable unit mix includes two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Several units feature upgrades such as dual-pane windows, electrical subpanels, interior paint, updated water heaters, and renovated kitchens and bathrooms. Major improvements include a new sewer line to the street, providing added value and peace of mind. Solid cash flow with minimal deferred maintenance makes this a strong long-term investment.
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Listed by Qubie Vazquez with Coldwell Banker Realty (310) 802-5700
Property Type
Quadruplex
Status
Active
MLS Number
SB26070955
Year Built
1954
Lot Size
4,055 sq ft