711 Franklin Ln
Property Description
Vista Monica is a 10-unit value-add apartment complex. Built-in 1986, the property features ten extra large 2 bed/2 bath units (approx 1090 sf) 2 bedroom/2 bath units that include patios/ balconies, along with a garage & storage space for each unit in addition to a dedicated open parking space. Consisting of primarily long-term quality tenants, there is considerable rental upside for future ownership. On-site coin-operated laundry (owned) provides additional income and convenience for tenants. Recent capital improvements include new electric sub-panels in every unit. There is currently an existing loan with Chase Bank at 3.52% and a balance of approximately $1,450,000 set to adjust in late 2026.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,395,000 |
| No. of Units: | 10 |
| Year Built: | 1986 |
| Lot Size: | 0.13 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $339,500 |
| Property Website | Click Here |
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