Listed by Corcoran Group of California, Inc.
$3,649,950
Brentwood Apartments - 8 units with 7 units vacant
Details
APN 4262-010-018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,632
Net Rentable (SqFt) 6,632
Units 8
Occupancy 16%
Pro-Forma Cap Rate 4.33%
Pro-Forma NOI $158,028
Price per SqFt $550
Broker Co-Op Yes
Year Built 1958
Buildings 1
Stories 2
Lot Size (SqFt) 7,000
Zoning LAR3
Parking Spaces 8 spaces
Parking Per SqFt 1.21
Investment Type Value Add
Ground Lease No
Ownership Fee simple
Multifamily | 8 Units | $468,744/unit
Marketing description
PRICE REDUCED! Submit all offers. Seven of eight units are vacant. Some with partial remodel. Great remodel opportunity to bring this building to Brentwood rental market standards. Most listing says, “upside in rents,” which we all know is usually nonsense in a rent-controlled environment. But this is real upside opportunity. Roof is about 10 years old and the building is mostly copper piping. Walking distance to the restaurants and night life of Brentwood. This is a very rare offering. Call listing broker with any questions.
Investment highlights
- 7 of 8 units vacant
- Great remodel opportunity
- Upside in re-rental of vacant
units
- Great location
- Laundry equipped (not in use)
- New roof in 2016
- Mostly copper piping
Listing Contacts
Listed by Corcoran Group of California, Inc.
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