9063 Olive
Property Description
This tenant-occupied multi-unit property offers the opportunity to transform the existing units into a strong income-producing asset. Each unit has its own living space and is currently occupied, providing immediate rental income while allowing a future owner to renovate and improve the property over time. The property is a fixer-upper and will require work, but buyers with a vision can see the potential to update the interiors, modernize the finishes, improve the overall appearance, and create a more desirable rental property. Think of this as a blank canvas for an investor looking to renovate, add value, and maximize the property's long-term potential. The current tenants have been in place for an extended period and are considered good, established tenants. Buyers may have the option to acquire the property with tenants in place, subject to the terms of the sale. Bring your contractor, evaluate the property, and envision the possibilities. Property is being sold in its present condition. Buyer to conduct their own independent inspections and due diligence regarding condition, permits, zoning, rental income, and potential improvements.
Broker Details
eXp Realty of California, Inc. (888) 584-9427
MLS ID: CV33334 State License Number: 01907641
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $950,000 |
| No. of Units: | 3 |
| Year Built: | 1952 |
| Opportunity Zone: | No |
| Price per unit: | $316,667 |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 3 |
ID: 3yd-MRMLSCA-CV26178513
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