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16Beds
12Baths
9544SqFt
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Windy Ruffini
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Property Type: Multi-Family
Listing Status: Active
Purchase Type: For Sale
Square Footage: 9,544 sqft
Price per Sqft: $732
Lot Size: 9,413 Sqft
Year Built: 1965
MLS Listing ID: SW19279533
Financing: Conventional
Style: Contemporary,Craftsman
Bedrooms: 16
Construction Status: Updated/Remodeled
Total Units: 12
HOA Y/N: No
Property Description
Wonderful 12 unit apartment community located at the height of Crestline Drive, adjacent to the Sutro Tower Nature Reserve. No neighbors behind, and panoramic views of SF Bay and The City in the front, highly accent this exceptional property with A Value Add Component for Fix & Flip, BRRRR or long term hold. Recent turnovers have drastically improved the income for the forthcoming year. Six units beautifully rehabbed. Two additional units may be added to make it 14 total.
1031 Exchange, Higher Rents than surrounding area due to exceptional location and views, well maintained, 6 garages and 6 carports along with lots of street parking. Other Income category not tapped and has large upside potential. One unit has washer dryer and others are possible. 5 units far below market rents. All rent paid during Covid. No collection issues during the pandemic.
Very Well Maintained and Highly Upgraded Apartments in 7 of the 12.
Listing provided by KW Temecula
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