• 6.85% current cap rate / 7.22% Year 1 / 8.08% pro forma
• $210,000/unit — below market comp avg of $222,017
• Strong rental upside — studios 20%+ below pro forma rents
• Opportunity Zone — major capital gains tax advantage
• Two separate parcels — ideal for 1031 exchange
• 6 garages + 6 open spaces + tandem driveway
• No on-site manager required — saves ~$14,400/yr
• Individually metered gas & electric — tenants pay utilities
• RUBS in place — owner recovers water/trash costs
• 6.21%–9.72% cash-on-cash depending on stabilization
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $3,090,000 |
| No. of Units: | 15 |
| Cap Rate: | 6.85% |
| GRM /GIM: | 9.51 |
| Year Built: | 1925 |
| Year Renovated: | 2025 |
| Building Size: | 8,390 Sq ft |
| Lot Size: | 17,038.00 Acres |
| No. of Stories: | 2 |
| Opportunity Zone: | No |
| Price per unit: | $206,000 |
| Full name | Phone number | Email address |
|---|---|---|
| Pat Swanson | 2138642862 | [email protected] |
| Angel Bautista | 3235593773 | [email protected] |
Sponsored by:
Please enter annual amounts.
Re/Max Real Estate Professionals | New York
Central CA Commercial | California
Recckio Real Estate & Development
Avison Young - CA - ON - Greater Toronto
California
California