Description

Exceptional investment opportunity featuring five residential units on one parcel, with four units currently occupied and one fully renovated unit vacant and ready for immediate occupancy or lease-up. Ownership has invested approximately $200,000 in capital improvements over the past six years, significantly enhancing the property's condition and long-term value. Major upgrades include a newer roof on the main building (approx. one year old), extensive stucco repairs, newer copper plumbing, four newer water heaters, and mostly newer dual-pane windows throughout. Units have been updated over time with remodeled interiors and wall, ceiling, and sheetrock improvements. Two garages will be delivered vacant at close of escrow, offering flexibility for owner use, tenant amenities, or additional income potential. Current rents: 5100A $2,400/mo, 5100B $1,320/mo (long-term tenant), 1912 $2,200/mo, 1910 $1,260/mo (long-term tenant). The fifth vacant unit has a projected market rent of approximately $2,000/month. A well-maintained asset with stable income, upside potential, and significant recent improvements.