Property Detail

Description

Turnkey 5,697 SqFt 5-plex w/ $1.1M+ freshly completed renovation. Current Gross Rent: $27,892/month. Near AI & tech companies. (2) large 6-bed/4-bath units (1682 SqFt & 1434 SqFt @ $11,525 & $7,435/month), (1) 3-bed/2-bath unit (796 SqFt @ $4,815/month), & (2) 1-bed/1-bath units (427 SqFt @ $4,180 and 768 SqFt @ $1,117/month). New luxurious & furnished roof top deck. Each unit has a vaulted ceiling, large kitchen & living room, & washer/dryer. Multi-year renovation project started in 2019- new electrical wiring & 400 amp service w/ new panels, gas, copper plumbing, paint, roof, & hallway finishes. The unit interiors were fully renovated with new walls & ceilings, subfloors, plank flooring, LED lighting, dual pane windows & doors. High-end kitchens appointed with new quartz counters, cabinets, & appliances. Bathrooms have new vanities, bathtubs, showers, & plumbing fixtures. No expense spared. Rent levels are commensurate w/ newer construction properties. Tenants are high income & credit score professionals. No past due rent or tenant disputes. Tenants reimburse for water, sewer, trash. The best-in-class renovations, management ease, convenient location, & strong in-place income make 1454 S Van Ness Avenue a great opportunity for both the cash-flow & appreciation minded investor.