27 studio units. Good location close to everything. Less then 1% vacancy rate. Decent turn-over creates a rent mix where most are close to market rents. The current owner has made significant upgrades to lower the expenses and maintained the property to show pride of ownership. Each unit has an on-demand water heater and an individual electric wall heater. All units have a new individual copper water line from the street. An upgraded 800 amp electrical service was brought into the building.<br>Rent roll is increasing as tenants move out and new higher paying tenants are moving in. Building will be delivered at a 5% cap rate. Call listing agent for showing times and access. Seller is a licensed California R.E. Broker. Buyer will cooperate with sellers 1031 exchange at no cost to the buyer.<br/><br/>Brokered and Advertised by: STAR Real Estate Brokerage Inc.<br/>Listing Agent: Jed Lane<br/>
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
