This is a great opportunity with profitable up side. Long term tenants under market rents. Each unit in todays market will rent for $1,500. month. Current rents are $890 - $1,100. Interiors are well maintained, exterior has been recently upgraded with new decks, and patio dividers. Current Cap Rate: 3.82% Year 1 Cap Rate: 6% Pro Forma Cap Rate: 6.5% Current Physical Occupancy: 100% Current Economic Occupancy: 59.6%
Listing Agent: Stephen De Sena Courtesy of: EXp Realty Of California Inc The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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