Listed by Circle Real Estate
$975,000
428 E Oaks
Details
APN 6167008009
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 6.89%
Buildings 2
Acreage 0.155
Zoning Public Rec
Multifamily | 6.89% CAP | 3 Units
Marketing description
Investor opportunity with approximately $87,000 in gross scheduled annual income and strong upside potential. This updated triplex features three separately metered units (gas and electric), three detached single-car garages with excellent ADU conversion potential (buyer to verify), and a spacious lot with ample parking and outdoor space. The front unit offers 2 bedrooms, 1 bathroom, a spacious living room, and an indoor laundry room. The rear lower unit features 1 bedroom, 1 bathroom, and a cozy fireplace. The rear upper unit offers 2 bedrooms, 1 bathroom, and no common walls for added privacy. Additional outdoor amenities include a large front parking area, a generous middle yard, and extra space behind the garages. Whether you're looking to expand your portfolio or complete a value-add project, this property offers a rare combination of stable rental income today with future growth potential through ADU development and rental increases. Conveniently located near major freeways, shopping, schools, and public transportation.
Listing Contacts
Listed by Circle Real Estate
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