
2437 Houston St
Turnkey 4-Unit with ADU Opportunity
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Investment highlights
Unit Configuration & Flex Rental Options:
The property includes two spacious front-facing 3-bedroom, 2-bathroom units—each fully permitted for legal division into two 1-bedroom, 1-bathroom units. This provides the investor with dual options: rent them as large family-style residences or convert to four 1-bedroom units for increased total rental income.
At the rear of the property are two newly remodeled 1-bedroom, 1-bathroom units that are vertically stacked. These rear units are well-separated from the front structure and feature private entries, high ceilings, and contemporary interiors that match the main units in quality and finish.
Currently, the rear 1-bedroom units are rented at:
$2,161/month
$2,055/month
Proforma projections:
Front units as 3b/2b: $3,500 each
Front units as 1b/1b (if split): $2,161 each x 4
Configuration Option 1 – Traditional Format
2 Front Units: 3 Bed / 2 Bath | Proforma Rent: $3,500 each
2 Rear Units: 1 Bed / 1 Bath | Current Rents: $2,161 and $2,055
Configuration Option 2 – Flex Format
4 Front Units: 1 Bed / 1 Bath (converted from 2 large units) | Proforma Rent: $2,161 each
2 Rear Units: 1 Bed / 1 Bath | Current Rents: $2,161 and $2,055
Proforma Rent (Traditional): $11,216/month
Proforma Rent (Flex Configuration): $12,860/month
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