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Previous Description:
BACK ON MARKET with over $150,000 worth of improvements and updated pricing!We are proud to present this C2-Zoned, 4plex in Central Alameda located just minutes away from USC, SoFi Stadium, DTLA, the Fashion District, and many of LA's best attractions. This large 3,321 square foot two story 4plex was built in 1922, and has a unit mix consisting of (4) 2 bed 1 bath units. The building is sitting on a double wide 5,912 square foot lot with a total of 10 parking spaces around the building. There is also an additional driveway that is leased out for additional parking/storage on this very large lot poised for future additions such as ADU's, or Commercial/mixed use redevelopment. There are laundry hook ups in each unit, (10) parking spaces, 2nd story balconies, a fruit bearing garden, and a gated yard with alleyway access. Owner has made massive improvements in the last year including but not limited to new roof, new main lines, stucco, paint and insulated windows leaving virtually no maintenance for the new owner. All tenants are on month-to-month leases providing owner users or investors incredible upside in rents and a potential to generate a 9.05% pro-forma cap rate.
Updated Description:
BACK ON MARKET with over $150,000 worth of improvements and updated pricing!
We are proud to present this C2-Zoned, 4plex in Central Alameda located just minutes away from USC, SoFi Stadium, DTLA, the Fashion District, and many of LA's best attractions. This large 3,321 square foot two story 4plex was built in 1922, and has a unit mix consisting of (4) 2 bed 1 bath units. The building is sitting on a double wide 5,912 square foot lot with a total of 10 parking spaces around the building. There is also an additional driveway that is leased out for additional parking/storage on this very large lot poised for future additions such as ADU's, or Commercial/mixed use redevelopment. There are laundry hook ups in each unit, (10) parking spaces, 2nd story balconies, a fruit bearing garden, and a gated yard with alleyway access. Owner has made massive improvements in the last year including but not limited to new roof, new main lines, stucco, paint and insulated windows leaving virtually no maintenance for the new owner. All tenants are on month-to-month leases providing owner users or investors incredible upside in rents and a potential to generate a 9.05% pro-forma cap rate.
