Property Detail

Description

Rare investment opportunity with huge upside in rents: Five individually parceled 3-Bed / 2.5-Bath Condominiums built in 1991, each with its own APN (2237-021-026, 2237-021-027, 2237-021-028, 2237-021-029, 2237-021-030) and featuring attached 2-car garages with direct access, private balconies, in-unit washer/dryer hookups, dishwashers, and central HVAC. Per ZIMAS, these units are not subject to RSO rent control and not subject to AB1482 (individually owned condos, not held by a corporation or trust). All units are individually metered for electric and gas and have their own water heaters. One unit has been fully remodeled, leaving four units primed for value-add cosmetic upgrades, creating excellent potential for strong cash flow, renovation upside, and multiple exit strategies.