$1,079,000
Teralta
Details
APN 447-280-18-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,514
Units 4
Cap Rate 5.90%
Year Built 1936
Buildings 3
Stories 1
Acreage 0.060
Zoning COMMERCIAL
Multifamily | 5.90% CAP | 4 Units
Marketing description
Rare 4-unit investment opportunity across from Teralta Park offering strong in-place income and long-term upside. Corner lot property featuring two original studio units and two newly constructed ADUs (4208) completed in 2024 with final sign-off—both currently leased. Unit mix includes two studios and two 1-bedroom units (approx. 320–448 sq ft), providing a diversified rental profile. Total current gross income of $6,775/month, including $625/month from a Clear Channel billboard lease. Property includes 4 separate meters for clean utility separation and operational efficiency. One unit has been recently updated, with additional value-add potential in the remaining original units. Commercial zoning offers potential future redevelopment opportunities (buyer to verify with City). Centrally located in a high-demand rental area with convenient access to freeways, public transit, and local amenities. Ideal for investors seeking a blend of stabilized income, new construction, and upside potential. Do not disturb tenants.
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