Deal Trade Inc
Listed by Deal Trade Inc
$2,500,000
7025-7033 Vinevale
Details
APN 6326-020-006
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,977
Units 11
Price per SqFt $418
Broker Co-Op Yes
Year Built 1947
Buildings 5
Stories 2
Lot Size (SqFt) 21,895
Zoning R3
Investment Type Value Add
Buy this for the bread and butter, monetize the upside for the beef!
Marketing description
Buy this for the bread and butter, monetize the upside for the beef. Check out the rents compared to market rents; it looks like 48% upside may be a good estimate. Lots of open space for ADU's on this 1/2 Acre lot. Per SB 1211, build up to 8 ADU's, subject to State laws, local ordinances, and City of Bell entitlement and permitting requirements. Be sure to vet and validate potential for rent increase and development for your client.
Property tours after accepted Agreement, no exceptions.
Investment highlights
implied 48% rent update, possible 8 ADU component, 1/2 Ac. redevelop-able lot
Listing Contacts
Deal Trade Inc
Listed by Deal Trade Inc
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