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5442 Lauretta St
Just two blocks from USD!
Property Description
JUST REDUCED!! Fantastic location just two blocks from USD. All units have hard surface flooring throughout. Exterior was just repainted in early June, 2024.
Laundry room is currently used as storage. New owner might consider putting laundry equipment in that space. One unit is the owners unit, which will be vacant at close of escrow. The currently vacant unit can be rented for $2200 before close of escrow. The two apartments with the lowest rents could be raised within 90 days of close of escrow. Inspection will be coordinated upon accepted offer only. No previews. Please do not disturb tenants. The information contained herein has been obtained from sources believed reliable. ACI does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $2,349,000 |
| No. of Units: | 6 |
| Cap Rate: | 4.2% |
| GRM /GIM: | 14.8 |
| Average Occupancy: | 83 |
| Year Built: | 1959 |
| Building Size: | 4,232 Sq ft |
| Lot Size: | 5,142.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 436-361-14-00 |
| Opportunity Zone: | No |
| Price per unit: | $391,500 |
| Parking Spaces: | 4 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
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Brokers
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Ben Galles
CBRE | Nevada
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Chase Lord
SVN OAK Realty Advisors | Oklahoma
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James Nelson
Avison Young - US - NY - New York | New York
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Ken Wellar
GREA | Pennsylvania
Lenders
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Felix Gutnikov
California
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Gary Bechtel
North Carolina
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Arbor Realty Trust
-
Bellwether Enterprise
Management
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Essex Property Trust, Inc.
California
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Asset Living
Texas
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Anthony-Lewis Jerdine
Florida
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AOG Living
Texas
