JUST REDUCED! First Time on Market in 15 Years! We are pleased to exclusively offer for sale this 11 Unit Multi-Family investment property nestled in the highly sought after north foothill area of the San Gabriel Valley. Comprised of 1(3-Bed/2-Bath) “Owner’s Unit”, 5 (2-Bed/1-Bath)s, and 5(1-Bed/1-Bath)s, the subject property offers a very attractive unit mix. The 3 Bedroom Owner’s Unit has central A/C & Heat, private patio, and access to garage parking. Three other rental units have a small private patio area which is accessed from a sliding glass patio door. Tenants enjoy plenty of onsite car-port parking, onsite laundry facility, and common courtyard. All units are separately metered for electricity and gas, while the owner pays for water and trash. The current owner has kept the rental rates well below market level, but with some modest capital improvement, a new investor can take advantage of an increase of 25+% growth in gross rental income bringing the overall cash-on-cash return to 5.78%!
Updated on September 4, 2019 at 11:18 am