Gas Oven, Gas Range, Refrigerator, Water Heater Unit
Great triplex in a great neighborhood. Its a quick 10 minute drive to the Marine Corps base for all your reliable Marine tenants. Two units are 2 bedrooms and 1 bathroom and the third unit is a studio. All units have low maintenance tile or wood floors and come with a refrigerator, stove and swamp cooler. This investment opportunity is priced at a cap rate of 7% based on the actual annual income of $22,500 and annual expenses of $6,000. There is room to raise the rents and get the cap rate up to 8.5%. With an initial investment of 20% down, your pro forma cash on cash return could be 19%! All units are currently rented, so please do not disturb tenants. Drive by only.
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Courtesy of Geoffrey Soumakian(01726857) of Golden State Prop. & Inv.
Based on information from California Regional Multiple Listing Service, Inc. as of November 24th, 2020 at 5:32pm CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.