NOI is currently 292,124 with current expenses.
Current Owner occupies one unit for approximately 1 week per month and does not pay rent. New rent is negotiable with offer.
Call/Text 951) 501-6567 or email Socalapartments@kwcommercial.com for Updated Offering Memorandum.
Trophy Location at the top of Twin Peaks. Everyone loves it there. Higher rents even during pandemic....Killer Views, Excellent Condition.
6 Remodels in 2020/21! 3 Remodels in 23/24.
Huge rental income increases.
UNITS RENT THEMSELVES DUE TO EXTRAORDINARY VIEWS AND LOCATION.
LARGE VALUE ADD FOR 4/12 OF THE UNITS
UNITS BEAUTIFULLY REHABBED!
LARGE VALUE ADD FOR OTHER INCOME! (OTHER INCOME UNTAPPED)
ADDITIONAL DWELLING UNITS POTENTIAL (2 ADU's possibly. Next door Neighbor has completed one very nicely)
EXCELLENT LOCATION FOR CITY AND SUBURBAN LIVING and.... BRINGS HIGHER RENTS
SOFT STORY RETROFIT COMPLETED
PASS THROUGHS IN PLACE
Senior Owner to Lease Back One Unit on Long Term Lease at negotiable rent. Currently does not pay rent.
See aerial video with unit interior. https://virtualtourcafe.com/3980548
Roof work completed after video...