Listed by WeTrust Realty, Wetrust Realty
$1,668,000
2843 Meeker
Details
APN 8105006006
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,065
Units 3
Price per SqFt $544
Year Built 1934
Buildings 2
Stories 1
Acreage 0.283
Zoning Public Rec
Ownership Private
Commercial and Residential Mix Use, Excellent Rent Income!! Seller Motivated to sell.
Marketing description
Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years another commercial occupy as religious room. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
Listing Contacts
Listed by WeTrust Realty, Wetrust Realty
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