$1,350,000
This is the first time owner-builder has placed this five-unit building on the market in 62-years. The property has huge upside potential. The property is being sold "AS-IS". Asking price reflects adjustment for the building's condition. The structure has some deferred maintenance, with heavy wear in units B, C, and D. Termite report with cost to cure estimate of $29,200. for Section 1 and Section 2 has been uploaded along with preliminary title report, JCP report, and Section 8 printout. Rents shown are projected using approved two-bedroom, Section 8 rents for the 94710 Zip Code. The last Section 8 tenant paid $3,140 a month. The owner will deliver the building vacant at close of escrow.
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Listed by Lamont Thompson with Lamont Thompson, Broker (415) 308-4059
Property Type
Apartment
Status
Active
MLS Number
41134297
Year Built
1964
Lot Size
5,401 sq ft