IMG_1108

Status:  SOLD!

 

Price $3,900,000
Units 12
Building Size 7,920 sq ft
Lot Size 6,129 sq ft
Stories 3
Construction Wood Frame
Unit Mix 12 One Bedrooms
Parking 10 Car
Year Built 1923
APN # 6597 – 005

Financial Parameters

GRM  15.83
$/Unit  $325,000
$/Sq. Ft.  $492
$/Room  $108,333
Cap. Rate  3.89%

The subject property is a 3 story, wood frame building, built in 1925.   The property consists of 12 one-bdrs  with 10 car parking. It is separately metered for PG&E. The property is well located on Tiffany Avenue (between Guerrero and Valencia) just off of Duncan St. There is huge upside in the rents and major development nearby offering opportunity for a prospective buyer to add significant value to the property.

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