4-unit apartment complex offering one 2bd/1bth unit and three 1bd/1bth units with solid current income and excellent future rental upside. The property was built in 1965, offers approximately 2,592 square feet of rental space, and sits on a large 7,670 square foot lot with 11 off-street parking spaces. The property is easy to manage and many units are below the market in rent offering considerable upside for the next investor. All deferred maintenance has been addressed and the units are separately metered for PG&E providing for low annual operating expenses.The property has been remodeled over time and offers updated kitchens, bathrooms, new electrical, new flooring and more. The property is uniquely located at the end of a quiet street with open space behind the property offering maximum privacy. This location offers easy access to numerous restaurants, coffee shops, outdoor activities, and shopping options keeping the property in high demand with tenants.

Highlights:

Four Spacious Units Comprised of One 2bd/1bth and Three 1bd/1bth Units
Remodeled Units With Updated Kitchens, Bathrooms, Flooring, Electrical, and more
Separately Metered for PG&E With No Deferred Maintenance - Low Annual Operating Expenses
Attractive Location Near Restaurants, Parks, Schools, with Easy Highway Access
Current Cap Rate: 5.70%, Current GRM: 11.6
Year Built: 1965, Price/Unit: $148,750, Price/SqFt: $228.85