About
Fully gated and beautifully remodeled, located close to SDSU/Shopping and transit. All new roofs, new stucco, fully tented for termites, new electric box, most of all plumbing for both buildings have been replaced and brought up to date. All new water heaters. Two separate laundry rooms on site with new machines (coin operated.) Mostly all windows have been renewed along with some doors. Electric operated gate for additional security has been replaced for privacy. All new fixtures including tract lighting, wood floor and all new vanity. New Cabinetry and counter top work done on two out of four units. The rest are in great condition. Natural lighting throughout the house with a beautiful front yard. Amazing investment for tenants and owners alike, El Cerrito hills (Spanish for "The Little Hill"). Property has been fully renovated by the owner and management company (no expenses spared). Expansive views of downtown, especially during evening time.
All plans are in place to build on top of 4 out of 5 existing garages into one 1,200 SF ADU unit (Please see attached for plans). CAP rates of 6.5 and above with added income from ADU along with 4 other existing units. Property will not need any repairs or maintenance for years to come (no expenses were spared for renovating and upkeep by the owner). This property will not last long, call today for private viewing "pre-approved buyers only" Please see private remarks on MLS.
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Overview
- Price: Offered at $1,599,000
- Living Space: 2823 sq. ft
- Beds: 5
- Baths: 3
- Lot Size: 10897 Sq. Ft.