1210 Oregon St
Multifamily | 6.00% CAP | 4 Units
Marketing description
We are pleased to present a four unit multifamily property with strong value add potential, ideal for a first time buyer. The offering features spacious one bedroom one bath units that support consistent occupancy and long term rentability. One unit has been fully renovated with new flooring, fresh paint, creating a true move in ready unit. Ideal for an owner occupant looking to step into their first investment or lease it at market rent to generate income from day one. The remaining units offer clear upside through interior upgrades and rent growth as the asset is repositioned. Add income by revitalizing the laundry area with new machines, creating an additional revenue stream while boosting tenant appeal and the property's overall market value.
BONUS DEVELOPMENT OPPORTUNITY: The property is zoned R-3 with a base density of 6 units. With California's State Density Bonus Law (SB181) and AB1287 (2023), the site has a high-density potential from 8 up to 12 units (Buyer to verify).
Investment highlights
- Strong Value-Add Potential: Immediate upside through interior renovations of three units and market rent alignment.
- Turnkey Owner-User Opportunity: One unit is fully renovated with new flooring and fresh paint, perfect for a first-time buyer or immediate market-rate leasing.
- Robust Density Bonus Potential: Zoned R-3 with a base of 6 units; potential to increase density to 8–12 units via SB 181 and AB 1287 (Buyer to verify).
- Ancillary Income Stream: Opportunity to revitalize the on-site laundry facilities to boost monthly NOI and tenant convenience.
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