Property Overview:
This high-income investment property features a 2-story, 4-bedroom, 2-bathroom main house with a bonus room off the kitchen. Recently updated with new paint, carpet, and refinished hardwood floors, the main unit is currently vacant and was last rented for $5,868/month plus utilities. The property also includes three additional rental units generating $7,376/month, making it a rare opportunity for investors or owner-occupants.
Income Details:
- Main Unit: Previously rented for $5,868/month.
- Three Additional Units: Combined rent of $7,376/month.
- Garage Rental: $200/month.
- Utilities:
- Tenants pay $30 per occupant for water and a flat $50/unit for trash (except Unit B, which manages trash cans in exchange for waived trash fees).
- All tenants pay their own PG&E.
Property Features:
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Main Unit:
- 4 bedrooms, 2 bathrooms, and a bonus room.
- Recently refreshed with new paint, carpet, and refinished hardwood floors.
- Vacant and ready for new tenants or owner-occupancy.
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Unit B:
- Fully gutted and remodeled with in-unit laundry.
- Trash fee waived for managing trash cans.
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Other Units:
- Share leased outdoor laundry machines (lease expires 12/10/2025).
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Parking:
- 1-car garage rented separately for $200/month.
- 3-car tandem driveway shared by the back units.
Tenant & Lease Information:
- All tenants are on SFAA leases and are low maintenance.
- All units are at market rent with on-time payments.
Investment Potential:
- Turnkey opportunity to generate consistent rental income.
- Potential to increase property value with kitchen and bathroom upgrades.
- Ideal for owner-occupants or investors seeking market-rate rental income.
Location Benefits:
- Quiet street with proximity to shops, restaurants, and public transportation.
- Easy access to major highways.
- Panoramic city views from the balcony.