$698,000
Excellent investment opportunity to own a fourplex with multiple income streams. Each of the four units features 1 bedroom, 1 bathroom, a private yard, and washer/dryer hook ups. The interiors offer tile flooring throughout, and updated plumbing.Situated on an expansive 8,015-square-foot lot, the property includes five single-car garages plus additional off-street parking with convenient alley access. An added investment advantage is an existing commercial ground lease for an on-site advertising billboard, providing supplemental income beyond the residential rents.Ideally located within walking distance of schools, parks, shopping, and with convenient access to major freeways. Owner pays for water and insurance. With stable residential income, additional revenue from the billboard lease, ample parking, and zoned for C-1, this property presents endless possibilities.
Listed by Angela Liang with BHHS California Properties
MLS Property Type
Residential Income
Property Subtype
Quadruplex
Status
Active
MLS Number
P1-28201
Year Built
1956
Building Size
2,609 sq ft
Lot Size
8,008 sq ft
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