641 Channel Islands Boulevard
Residential Income Details
Large 8-unit apartment complex featuring (7) 2BD/2BA units & a 3BD/2BA. Convenient location for tenants within close proximity to Centerpoint Mall as well as schools, parks and buslines. Improvements total 7,235 SF, per tax roll, set on a 9,479 SF lot. Parking consists of 7 garages and 1 carport. Onsite laundry room. Interiors have mix of laminate wood, tile and carpet flooring. Some units have granite counters in kitchens. Fresh paint on front of building, newer 94 gallon water heater. Downstairs units have small fenced yards, upper units offer small decks. Separate electric, gas meters. Strong market level rents in place. $15,975/mo gross income (inc $100/mo laundry). Excellent opportunity to acquire a non rent control building in 3% vacancy marketplace at 12.8 GRM and 5.0% Cap Rate on current rents.
|Listing Brokerage||Beachside Partners|
|Listing Agent||Nicholas Henry|
|Listing Agent BRE #||01748131|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 14, 2018.
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