Description
Great apartment building with huge value-added potential and strong current income. The buyer has the opportunity to add 4 additional ADUs to create a total of 12 units. The Seller completed a feasibility analysis and some preliminary architectural drawings which are available to the Buyer. The proposed ADUs are 2 new construction in the existing parking lot, and2 tuck under which will simultaneously satisfy the retrofit requirement. Currently, the asset has more than usual parking at 22 parking spots. The mix of all 2+1's is perfect for Boyle Height demographics of large families. The asset is in great condition complete with hillside views and was well maintained over the years by the ownership.
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16BEDS
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0.21ACRES
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8BATHS
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01/2 BATHS
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6,032SQFT
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$377$/SQFT
School Ratings & Info
Description
Great apartment building with huge value-added potential and strong current income. The buyer has the opportunity to add 4 additional ADUs to create a total of 12 units. The Seller completed a feasibility analysis and some preliminary architectural drawings which are available to the Buyer. The proposed ADUs are 2 new construction in the existing parking lot, and2 tuck under which will simultaneously satisfy the retrofit requirement. Currently, the asset has more than usual parking at 22 parking spots. The mix of all 2+1's is perfect for Boyle Height demographics of large families. The asset is in great condition complete with hillside views and was well maintained over the years by the ownership.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-03T00:27:12.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.