Investor’s Delight. Excellent investment with RARE HIGH CAP RATE of 7.18% and lots of HIGHER POTENTIALS. Long term Tenants. No rent control. Property has fencing on 3 sides.Total 11 Units in 2 Separate Buildings on same Property.
Ten (10) 654 sqft 1 Bd/1 Bth units with large kitchen & roomy living room, plus 3 built in furniture: kitchen table, bedroom desk, bedroom extra chest with drawers. All located in a one-story U-shaped bldg with common court yard.
One (1) 800 sqft 1Bd/1 Bth independent 11th unit in the back with attached one car garage with lots of storage locking cabinets and a work table. Newly remodeled throughout, New floor paint and bath toilet; Unit #11 Built-in furnitures including full size desk, island table and a walk-in closet. Small private cemented patio in the back.
All units are currently rented at below market rates. Income can be increased by new owner by raising rents and reconverting current storage room to laundry room. Plenty of parking spaces with 11 assigned spots & an extra 12 spaces. All newer Swamp Coolers in 9 units, 3 of the units have newer Water Heaters. All 11 Water Heaters are under locked enclosures. Newer electric, gas, water pipes are in place. Verizon internet lines in place including Fios ready.
Located in a quiet area among Large Brand New Single Homes. Close to major shopping (Walmart & Target), eateries and schools.
Easy access to I-15 & 395 Freeways.
DISCREET DRIVE BY ONLY. DO NOT DISTURBING TENANTS IS A MUST !
Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2019 at 5:36pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.