This beautiful 5 unit Edwardian Building has been completely rebuilt from the foundation to the roof with the utmost attention to detail. Over $1M of renovations have been done to the building! All new systems, roof, foundation. Two 2 bedroom units, three 1 bedroom units - some units have great views. 4 tandem parking, 3 storage. Largest unit (2bd/1.5ba) in bldg will be vacant at close of escrow and has a large, exclusive back yard. The bldg was originally built to sell units as TICs and Final DRE Public Report has been issued. New owner may keep as good income property and/or sell units as TICs as they become vacant. PRIME rental & TIC neighborhood. Annual Scheduled Income: $186,180Annual Expenses: $37,477CAP RATE: 5.8%Rent Roll:UNIT RENT STATUS1 vacant2 $2,400 mo-to-mo, plus $100/mo for storage3 $2,200 lease is up 5/20134 $2,750 lease is up 3/20135 $1,750 mo-to-moAll parking spaces and storage, with the exception of one storage space, are vacant.
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