This property is well located in the highly desirable neighborhood of North Park with an excellent walk score of 88. Constructed in 1985 this property hosts a desirable unit mix of (6) 2BR/2BA units and (1) 1BR/1BA unit. With a large average square footage of 813, all 7 units feature W/D in-unit, fireplaces, a parking space (1:1 parking ratio) and their own one car garage. Two of the units have direct access to their garage. Two of the units have recently undergone renovations, leaving the remaining five units to be upgraded as desired by the new owner to achieve leading market rents, further pushing cash flow. In addition to the rent roll, the property yields an additional monthly income of $415 to cover utility costs. The 7 single car garages on site offer additional demand for tenancy as well as potential investment upside for ADU garage conversions. Remaining upside in rents presents an opportunity for the new owner to take advantage of this high demand location and push cash flow through consistent annual rent increases or renovating units and raising rents to leading market rents upon vacancy. OM provided upon request.
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