***PRICE REDUCTION | VERY MOTIVATED SELLER***Exceptional Investment Opportunity***This property offers a 6.31% in-place cap rate and 9.66 GIM, with upside to a 9.46% cap rate and 7.35 GIM. Adding two ADUs (Buyer to Verify) increases performance to a 6.91% cap rate, 8.87 GRM, and a remarkable 6.72% pre-tax cash flow with no additional turnover. Highlights: - 20.14% IRR potential with ADUs - Dual pane windows for efficiency The building includes 14 units: 2 bachelor units, 5 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, 4 two-bedroom/two-bath units, and 2 three-bedroom/two-bath units. Units 10 and 11 (the 3+2s) feature a unique layout with a door connecting the master bedroom to the main unit. This configuration allows the master bedrooms to be rented separately, with the city's approval, provided the connecting door remains in place. Contact us today to learn more or schedule a tour!
Sold for $2,950,000
Zillow last checked:
Listing updated:
Bought with:
Kelly Morgan, DRE # 01898026
Houze Real Estate Management
Source: CLAW,MLS#: 25543013
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $2,950,000-4.8%$278/sqft |
Source:  CLAW #25543013 Report a problem | ||
| 8/25/2025 | Pending sale | $3,100,000$292/sqft |
Source: CLAW #25543013 Report a problem | ||
| 7/1/2025 | Price change | $3,100,000-1.6%$292/sqft |
Source: CLAW #25543013 Report a problem | ||
| 5/23/2025 | Listed for sale | $3,150,000+1.6%$297/sqft |
Source: CLAW #25543013 Report a problem | ||
| 4/3/2025 | Listing removed | $3,100,000$292/sqft |
Source: CLAW #25492355 Report a problem | ||
| 1/31/2025 | Listed for sale | $3,100,000$292/sqft |
Source: CLAW #25492355 Report a problem | ||
| 8/29/2024 | Listing removed | -- |
Source: CLAW #24-394415 Report a problem | ||
| 8/1/2024 | Price change | $3,100,000-4.6%$292/sqft |
Source: CLAW #24-394415 Report a problem | ||
| 5/20/2024 | Listed for sale | $3,250,000$306/sqft |
Source: CLAW #24-394415 Report a problem | ||
| 3/15/2024 | Listing removed | -- |
Source: CLAW #24-346811 Report a problem | ||
| 1/12/2024 | Listed for sale | $3,250,000+8.4%$306/sqft |
Source: CLAW #24-346811 Report a problem | ||
| 10/3/2018 | Listing removed | $2,999,000$282/sqft |
Source: Marcus & Millichap #18335672 Report a problem | ||
| 6/27/2018 | Listed for sale | $2,999,000$282/sqft |
Source: Marcus & Millichap #18335672 Report a problem | ||
| 6/14/2018 | Pending sale | $2,999,000$282/sqft |
Source: Marcus & Millichap #18335672 Report a problem | ||
| 5/3/2018 | Price change | $2,999,000-3.2%$282/sqft |
Source: Marcus & Millichap #18335672 Report a problem | ||
| 4/20/2018 | Listed for sale | $3,099,000$292/sqft |
Source: Marcus & Millichap #18335672 Report a problem | ||
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Estimated market value
$2,941,800
