Unit mix is four (4) two bedroom/one bath units and two (2) studio units and one (1) permitted bachelor addition built in 1937. BACHELOR UNIT #7 IS NOT ON CERTIFICATE OF OCCUPANCY BUT WAS PERMITTED THROUGH LADBS (PERMIT NO 35762) AS A BACHELOR ADDITION ON NOV 1ST 1937. Cap rate and GRM assumes forward-looking 4% annual rent increases per the scheduled dates listed on page 23 of our OM through 7/1/2020. Strong in-place cash flow with upside in rents.All units feature original hardwood floors, large kitchens and bathrooms and a significant amount of closet space with some units also featuring walk-in closets, additional sitting space next to the bathroom, wall heating and wall AC units, balconies/porches and dual access from the front and rear of the unit. The landlord pays for water. The property is separately metered for gas and electricity and tenants also pay for their own trash. Seven parking spaces on-site. 515 N Mariposa Ave. can be purchased together with 210 N Kenmore Ave.
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