$1,750,000
Rare opportunity to acquire a well-located 4-unit apartment property with strong value-add potential. Offered by an ownership group that recently inherited the asset and does not wish to continue operations, creating an excellent opportunity for investors. Attractively priced for an efficient sale, the property offers the ability to increase value through renovations, unit turnover, and rental growth. Desirable unit mix with spacious floor plans and strong rental demand fundamentals. Current rents are below market, presenting immediate upside potential through interior improvements and operational efficiencies. Situated on a residential street among similar multifamily properties, the asset benefits from close proximity to employment centers, shopping, dining, and major transportation corridors. Nearby renovated comparable properties have recently sold, further supporting the repositioning opportunity.
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Listed by Timothy Gorman with Gorman & Associates (714) 255-9998
Property Type
Quadruplex
Status
Active
MLS Number
PW26092458
Year Built
1964
Lot Size
8,716 sq ft