Description

We are pleased to offer for sale this seven (7) unit + 1 non-conforming unit multifamily investment opportunity located in the heart of prime Brentwood Village. This two-story building was constructed of wood frame and stucco on a raised foundation built in 1968 with a square footage of 6,480 on a 5,000-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) 1+1 units, one (1) 2+1.5 townhouse, one (1) 3+1.5 townhouse, and two (2) studio units. Four (4) units will be delivered vacant upon the close of escrow. The investment boasts spacious floor plans, in-unit washer & dryers, quartz countertops, stainless steel appliances, ten (10) on-site parking spaces, double pane windows, recently painted, and individually metered for gas and electricity. Fully occupied, the property cash flows at approximately $22,070/month, a 5% Cap Rate & 15x Gross Rent Multiplier (GRM).

Features

• 0.11 Acres
• 3 Stories