Strategically located in the rapidly growing and redeveloping South Bayan area, this exceptional 5-unit multifamily property presents a rare investment and development opportunity. Featuring approximately 3,000 square feet of vacant land at the rear with convenient alley access with utilities already stubbed to the site. The property offers tremendous potential… Read More for additional development, including the possibility to build several ADUs to maximize future income and value.
This multifamily gem is truly a developer’s playground, offering multiple avenues for expansion, repositioning, and long-term appreciation. Whether you are looking to enhance cash flow, expand the unit count, or capitalize on the area’s ongoing growth, this property delivers significant upside potential. With strong rental income opportunities and a highly desirable location, this is an outstanding asset for investors, developers, or owner-users seeking long-term returns. Read Less
Property listed by Century 21 Allstars, Tony Pedroza 562 810-3133
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.18 Acres
Year Built
1925
MLS Number
DW26101895
Additional Details
Building
Built in 1925, 3 buildings, 1 storey, Entry level: 1, Entry location: 1
Community
StreetLights, Sidewalks
Expenses
Insurance: $2,500, Operating: $20,100, Trash: $2,000, Other Expense: $1,600
Home Owner's Association
Association Fee: $0
Income
Gross Income: $86,184, Gross ScheduledIncome: $86,184, Net Operating Income: $66,084
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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