LA Commercial (Peter Ciriello, CCIM) and Kelly Morgan Commercial (KW Commercial) proudly present 1511 12th Street, an exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN.
Property Highlights:
Unit Income:
Townhouse 1: Recently leased for $4,959.50
Townhouse 2: Recently leased for $5,109
Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM.
Property Details:
Front Duplex:
Two spacious 2-bed, 2-bath townhouses (1,600 SF each).
Features include in-unit laundry, fireplaces, and private patios.
Rear Fourplex:
Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF).
Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers.
Parking & Potential:
Four garages and one carport, offering additional rental income potential.
Seller has ADU conversion plans underway.
Additional Features:
Gated property with ample street parking for added convenience and security.
Located on two separate APNs: 4282-032-027 and 4282-032-028.
Opportunity Awaits, don’t miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.
***Contact us today for a full Offering Memorandum (OM)***