3311 - 3317 Smith St is an ideal "value-add" investment that offers a savvy Buyer the opportunity to add value two ways - through increasing rents and also by building 2-5 new units on the unused portion of the lot. Given the low average rents and ability to build 2-5 new units (plus potential ADU), the property offers well over 200%+ upside in rental income! (Rental upside depends on size of units built, finishes, and upgrades in existing 6 units -Buyer to investigate and run own financial analysis). Additionally, the property has low expenses c/o separate water meters and a great location with hillside views and more. Located 1/3 mile from Metro Gold Line Station at Heritage Square, and across from newly approved mixed use development on Pasadena Ave of 468 Units + 16,000 SF of retail. Full Marketing Package available upon request.
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.
