Pride of ownership 4-plex located in NOBE. 5.3% cap rate. This 4 unit building features three 2 bedroom, 1 bath units, and one 1 bedroom, 1 bath unit. All units have undergone extensive renovations including updated kitchens, baths, dual-pane windows, and flooring. Recent building upgrades over the last 5 years include roof replacement, copper plumbing throughout, and complete electrical rewiring. The next owner will benefit from low operating expenses as water, gas, & electricity are all separately metered. The subject property sits on a large 7,280 sf lot (per public records) which has a detached storage shed, raised planting bed, and allows for future development in the rear.* Tenant amenities include 5 off-street parking spaces & shared on-site laundry. Two units have in-unit laundry. Owner willing to discuss seller-carry. Call agent for details. *Potential future use of the property has not been verified with, nor approved by, the city. Seller’s agent has not/will not investigate or verify information provided by third parties. Buyer is advised to conduct their own investigation with appropriate professionals and verify with the city prior to proceeding with the purchase, and to rely solely on their own investigation.
Property Type :
Residential Income
Subdivision :
Fallbrook
County :
Alameda
Style :
Residential Income
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| Unit No |
Unit Key |
Total Bath |
Total Bed |
Full Bath |
Half Bath |
| 1 |
1063250298 |
1 |
1 |
0 |
0 |
| 2 |
1063250298 |
1 |
2 |
0 |
0 |
| 3 |
1063250298 |
1 |
2 |
0 |
0 |
| 4 |
1063250298 |
1 |
2 |
0 |
0 |
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ByOwner last updated this listing 05/01/2024 @ 12:57
MLS: 41052573
LISTED BY: Thomas Garabedian Cone, Red Oak Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
