Listed by Country Air Commercial
$449,000
14840 Valley
Details
APN 040212150000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,240
Net Rentable (SqFt) 2,240
Units 3
Cap Rate 8.29%
NOI $37,200
Occupancy 99%
Price per SqFt $200
Class C
Year Built 1959
Buildings 1
Stories 2
Acreage 0.130
Zoning Assessor
Parking Spaces 3 per unit
Investment Type Net Lease
Ownership Individual
Multifamily | 3 Units | $149,667/unit
Marketing description
Very well-maintained three-unit apartment property offering a desirable unit mix that includes one spacious two-bedroom residence (Unit A), one comfortable one-bedroom unit (Unit B), and one large studio (Unit C). All units have been updated and are in very good condition, reflecting pride of ownership throughout. All three units are currently rented on one-year lease tenancies, providing stable and reliable rental income. Each unit is separately metered for both water and electricity, with tenants responsible for their own utilities, helping to minimize owner expenses. Units B and C are enhanced by covered carport parking, adding convenience and value for tenants. Showings require advance notice due to tenant occupancy.
Investment highlights
Very well-maintained three-unit apartment property offering a desirable unit mix that includes one spacious two-bedroom residence (Unit A), one comfortable one-bedroom unit (Unit B), and one large studio (Unit C). All units have been updated and are in very good condition, reflecting pride of ownership throughout.
All three units are currently rented on one-year lease tenancies, providing stable and reliable rental income. Each unit is separately metered for both water and electricity, with tenants responsible for their own utilities, helping to minimize owner expenses.
Units B and C are enhanced by covered carport parking, adding convenience and value for tenants. Showings require advance notice due to tenant occupancy.
Listing Contacts
Listed by Country Air Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,200.00
$3,100.00/mo
Valuation Metrics
0
DSCR
8.29%
Cap Rate
8.29%
ROI
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