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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by William Mulkey, DRE #00986020 • TR Wealth Management Inc.

$ 2,100,000

Est. payment | -/mo

5,206 Sqft Lot

Save

$ 2,100,000

Est. payment | -/mo

Save

5,206 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB26212364

Year Built 1980

Lot Size 5,206 Sqft

Source California Regional MLS

Property Description

Back on the market with another price reduction! Rare opportunity to acquire a well maintained and professionally operated multifamily property offering a 6% going-in cap rate with potential upside to over a 7% cap rate at market. Built in 1980, this approximately 6,871 square foot property offers strong in place cash flow, recent capital improvements, exceptionally large units and additional upside potential. The property features an excellent unit mix of two 3 bedroom, 2 bath units and three 2 bedroom, 1 bath units. A major highlight is the exceptionally large interior living spaces. Per the most recent appraisal, the units measure approximately 1,505, 2,101, 1,093, 968 and 1,196 square feet. These unusually spacious floor plans provide an attractive rental offering for families and long term tenants. All five units have been fully remodeled within the past 2 to 3 years. Recent exterior improvements include brand new exterior paint and decking, helping minimize near term maintenance needs. The property offers 11 onsite parking spaces, including five single car garages in front and six gated tuck under spaces accessed from the rear alley. Separately metered gas and electricity and individual water heaters for each unit provide additional operating efficiency. Additional

Location

State CA

County Los Angeles

Area 54 - Hawaiian Gardens

Rooms

Kitchen Dishwasher, Hood Over Range, Other, Exhaust Fan, Oven Range - Gas, Oven - Gas

Interior

Heating Forced Air, Gas, Central Forced Air

Cooling Central AC

Laundry None

Exterior

Parking Features Assigned Spaces, Covered Parking, Garage

Garage Spaces 11.0

Pool 31, None

View Other

Building

Foundation Raised

Water Hot Water, District - Public

Others

Tax ID 7065017027

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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12120 215th ST Hawaiian Gardens, CA 90716