Fourplex
Listing Agent: David Howarth (DRE #01360348) · Listing Office: The Pinza Group, Inc · Contact: 510-725-4775 · Bought with: David Howarth · The Pinza Group, Inc · MLS #41032491 · Source: CRMLS
5-unit apartment complex featuring five 1bd/1bth units spread across four units in the front and a detached rear cottage. Two units will be delivered vacant at close of escrow and two other units have rents far below the market providing for excellent rental upside for the next investor. The property was built in 1925, offers approximately 2,860 square feet of rental space, and sits on a 6,534 square foot lot with ample parking room for all the tenants. The property is easy to manage and separately metered for electric and gas providing for low annual operating expenses. Many of the units have been updated over time and all deferred maintenance has been address resulting in a turn-key property for the next owner. Perfect for investor or owner-occupant.
Listing description from the October 2023 sale, as reported to CRMLS.