Listed by Skyline Commercial Real Estate
$515,000
27271 Pacific Street
Details
APN 1191471100000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,762
Units 2
Cap Rate 3.84%
NOI $19,766
Occupancy 100%
Pro-Forma Cap Rate 5.95%
Pro-Forma NOI $30,662
Price per SqFt $292
Year Built 1921
Year Renovated 1965
Buildings 2
Stories 1
Acreage 0.165
Zoning Public Rec
Investment Type Value Add
Value-Add Duplex in Highland
Marketing description
Introducing a duplex located in the Highland Historic District, this listing presents an opportunity for an owner/occupant or an investor looking to build and grow their portfolio. The property consists of two freestanding houses, built in 1921 and 1965, providing desirable housing and privacy for tenants. With a well laid out lot, there is ability to add an ADU to further increase the income of the property. There is plenty of rental upside and value-add potential and the building is priced accordingly.
Investment highlights
Value Add Opportunity
Individual Houses on One Lot
Owner Occupant Possibility
Ample Parking
ADU Potential
Upside in Rents
Listing Contacts
Listed by Skyline Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,766.00
$1,647.17/mo
Valuation Metrics
0
DSCR
3.84%
Cap Rate
3.84%
ROI
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