KTOWN 4PLEX - near Chapman Plaza
Multifamily | 5.14% CAP | 4 Units
Marketing description
Built in 1923, this 4-unit multifamily property offers 4228sf total with large 2 bedroom / 2 bathroom units averaging 1057sf each. Great location near Chapman Plaza, Quarters, and Line Hotel. The property sits on a large lot of approximately 8500sf with ADU/development potential.
New CapEx of approximately 150k in the last 4 years includes new electrical in three units, new roof for building and garage, full copper repipe from the water meter to inside units and ABS under the building, new dishwashers and washer/dryer, covered parking repairs for doors and lights, and foundation repair.
1 unit delivered vacant, 2 units on month to month. All units are RSO at market rents. No Section 8. Tenants pay for trash, gas, sewer, electricity, and pro-rate portion of the building water bill. Landlord pays power for common areas and pro-rata portion of the water bill.
Investment highlights
- Large 2/2 units 1057sf ea
- Chapman Plaza Location
- 150k+ in CapEx
- Four 2 Bd 2 Ba Units
- New Roof
- Full copper repipe
- New electrical
- Large lot 8500sf ADU/development potential
- 1 Unit delivered vacant
- Two detached garages
- Extra storage Units
- Great location, near Chapman plaza, quarters, Line hotel
- 2 Units on month to month
- All units are RSO at market rents. No Section 8
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