For Sale
For Sale
-
Overview
Commercial Asset Advisors is pleased to present a fully
renovated to the studs multifamily asset producing an
in-place 7.50% cap rate in-place and a 8.41% proforma
cap rate.
The property has undergone extensive capital
improvements in the last 18 months including but not
limited to all new plumbing supply, electrical, roofs,
windows, HVAC, quartz countertops, vinyl flooring, new
cabinetry, fencing, landscaping, stucco, and paint.
The asset provides an investor with the unique
opportunity to acquire a truly turnkey multifamily holding
in California with a highly qualified and stable tenant
base to produce superior returns to market rate t-bills,
bonds, etc while also receiving the various tax benefits
and appreciation returns of California real estate.
Property Details
Commercial Asset Advisors is pleased to present a fully
renovated to the studs multifamily asset producing an
in-place 7.50% cap rate in-place and a 8.41% proforma
cap rate.
The property has undergone extensive capital
improvements in the last 18 months including but not
limited to all new plumbing supply, electrical, roofs,
windows, HVAC, quartz countertops, vinyl flooring, new
cabinetry, fencing, landscaping, stucco, and paint.
The asset provides an investor with the unique
opportunity to acquire a truly turnkey multifamily holding
in California with a highly qualified and stable tenant
base to produce superior returns to market rate t-bills,
bonds, etc while also receiving the various tax benefits
and appreciation returns of California real estate.
- Property TypeMulti-Family
- Sale Price$1,099,000
- Will build to suitNo
- SewerNo
- Corner lotNo
- Last updatedJan 30, 2024
- Property ID2232844