Residential Income Details
Two great houses in Alamitos Heights on a large lot (zoned R2). 917 Belmont is a quaint 2 bedroom, 1 bath house (approx. 750 s.f) with a detached one car garage and an enourmous front yard. 921 Belmont consists of a main house (approx. 850 s.f) with 2 bedrooms and 2 full bathrooms and a back studio, with a kitchenette and a full bath (approx. 350 s.f) PLUS a 2-car garage. 921 Belmont really functions as a 3 bed / 3 bath property. The houses, located on one of the quietest streets as there is no direct access off of 7th Street, sit side by side, and do not share any common walls. Recent upgrades include: 917 Belmont - front landscaping and irrigation system. 921 Belmont - front and back landscaping and irrigation, one new bathroom, refurbished hardwood floors, vinyl windows and a newer kitchen. Both houses have solar panels that are 100% owned (no lease) and result in a near zero electric bill for the tenants. Both houses have A/C. The tenant in 917 is MTM. The tenant in 921 is under a 1 year lease that expires on 1-31-2019. The nearby greenbelt (former Red Line right-of-way) provides a nice place to relax, play catch, or walk the dogs. Existing cap rate on actual rents of 3.7% and 4.3% based upon market rents.
|Number of Units||2|
|Status||Active Under Contract|
|Listing Brokerage||Bryant Drive Properties, Inc.|
|Listing Agent||William Smith|
|Listing Agent BRE #||01431853|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, July 26, 2018.
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