
943 Broad Ave
Multifamily | 6.61% CAP | 3 Units
Marketing description
Excellent investment opportunity to own a modern triplex built in 2019, boasting an impressive cap rate of over 6%. Notably, this property is NOT subject to rent control (AB 1482 exempt), providing a significant advantage for future rental upside and investment flexibility. This expansive 5,100 sq. ft. property consists of three spacious units, each featuring 5 bedrooms and 3 full bathrooms with bright, open floor plans. The interiors are finished with premium granite countertops, durable tile flooring in the living areas, and stylish laminate in all bedrooms. Designed for low-overhead management, each unit is separately metered for water, electricity, and gas, significantly minimizing owner maintenance expenses. Residents will enjoy private balconies with outside views, individual laundry areas, and a private, intimate green backyard for the detached unit. The property is fully gated and secured with metal screen doors, providing peace of mind and six designated parking spots. This is a rare, turn-key asset perfect for any serious investor's portfolio.
Investment highlights
- Modern triplex built in 2019
- Cap rate of over 6%
- NOT subject to rent control (AB 1482 exempt)
- 5,100 sq. ft. property with three spacious units
- Each unit features 5 bedrooms and 3 full bathrooms
- Premium granite countertops and durable tile flooring
- Each unit separately metered for water, electricity, and gas
- Private balconies with outside views
- Individual laundry areas in each unit
- Fully gated and secured with metal screen doors
- Six designated parking spots
- Turn-key asset perfect for investors
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