Investment Overview

This subject property is a rare to find four 10-unit one-story bungalow style buildings with excellent visibility on Garfield Ave. The buildings were built in 1959 of wood frame and stucco construction. Units are separately metered for gas & electricity and there is a central gas hot water heater for each 10-unit building. Each 10-unit building has 1 two-bedroom and 9 one-bedroom units. Each unit also has a small private patio. There are 43 onsite parking spaces. There are many recent improvements on the property including the roof, unit upgrades and the security cameras. There is tremendous upside in the rent approximately 25%. A savvy investor who has knowledge of the local rental market could realize the upside in rent through renovations.