Property Detail

Description

This is the first time owner-builder has placed this five-unit building on the market in 62-years. The property has huge upside potential. The property is being sold "AS-IS". Asking price reflects adjustment for the building's condition. The structure has some deferred maintenance, with heavy wear in units B, C, and D. Termite report with cost to cure estimate of $29,200. for Section 1 and Section 2 has been uploaded along with preliminary title report, JCP report, and Section 8 printout (see associated docs). Rents shown are projected using approved two-bedroom, Section 8 rents for the 94710 Zip Code. The last Section 8 tenant paid $3,140 a month. The owner reports that property insurance is $4,000 a year, house PG&E electric and gas is $4,800 a year, water is $8,400 a year, garbage is $2,100 a year, and business license is $729 a year. The composition shingle roof is 26 years old. Offers will be considered when received. The owner will deliver the building vacant at close of escrow.