Keller Williams Coastal Properties
Listed by Keller Williams Coastal Properties
$1,785,000
8620 Lubao Avenue
Details
APN 2782015005
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 7.00%
Buildings 2
Stories 1
Acreage 0.188
Zoning Builder
Multifamily | 7.00% CAP | 3 Units
Marketing description
This exceptional income property offers the potential to generate approximately $10,900 (!!!) per month in rental income across 3 separate addresses on one lot. With great tenants already in place in 2 of the units, the income breakdown is as follows: one 3-bedroom, 2-bathroom unit currently brings in $4,000/month, and the 1-bedroom, 1-bathroom unit brings in $2,400/month. The main house, featuring 3 bedrooms and 4 bathrooms, currently brings in $4,500/month, bringing the total projected income of almost $11,000/month. Tenants pay ALL UTILITIES. Landlord will have ONLY property tax and insurance to pay. Buy this property now and start calling rent IMMEDIATELY!! Great tenets in place, beautiful and clean, family oriented neighborhood. The main house at 8620 Lubao boasts incredible curb appeal and a thoughtfully updated open-concept floor plan, complete with recessed lighting and new flooring throughout. The bright and spacious living room is bathed in natural light, creating an inviting atmosphere, including direct access to a beautifully landscaped backyard, perfect for morning coffee, weekend gatherings, or BBQs. The contemporary all-white and neutral kitchen features ample cabinetry, generous counter space, brand-new stainless steel appliances, a stylish island, and an adjacent dining area. New central air and heating ensure year-round comfort. The home offers 3 bedrooms and 4 bathrooms. Additionally, the property includes two accessory dwelling units with separate addresses, maximizing rental income potential. The JADU at 8618 Lubao is a well-designed 1-bedroom, 1-bathro
Listing Contacts
Keller Williams Coastal Properties
Listed by Keller Williams Coastal Properties
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