Right now this is the O-N-L-Y fourplex is all of South RB for sale! ** All new copper plumbing in the last few years. Units are generously sized. 4,186 SF of living space total. ** The mix is ideal: The front unit is a large 4 bed unit with a private attached 2 car garage and a driveway for 2 more cars – feels like its own home! It was totally remodeled about 12 years ago. Granite counters in giant kitchen and all bathrooms, crown molding, smooth ceilings, recessed lights, beautiful cabinets, file flooring, etc. ** Then there are 2 units each with 2 bedrooms and 2 bathrooms, plus a 1 bed unit. ** This is perfect for an owner occupant. in fact… The current rent for the other 3 units is $6,700. If you deduct 30% for vacancy and typical expenses (including utilities, maint, prop tax, etc.) there is $4,700 left over to apply to your loan. On a (approx.) 3.75% Owner occ loan, that $4,700 of net rent will completely pay the monthly interest on a $1,510,000 loan!!! Surprising, right? That is like buying the front home for only $789,000! Do the numbers… this is why it makes sense to own income property! ** THere is an 80 foot long by 5″ wide sideyard perfect for dog run. * Units C and D have been substantially renovated. “B” is the lower unit and it is in nice, rentable condition. ** Property has been professionally managed since day one, so the property has been well kept. ** Virtually zero traffic on Amethyst since we are at the very end of the culdesac. ** Literally 2 minutes to local shopping on Beryl Street (Vons, etc.). Schools are also located in the neighborhood. ** The lot (5,800 SF) is larger than the average parcel in this area. ** Perfect opportunity for owner-user or long-term investor. The high demand for rental housing, continuing economic growth in the South Bay, and high cost of home ownership all support strong investment fundamentals and future rent growth. ** LOCATION: Property is across the street from a massive, terrific park which includes the biggest dog park in the South Bay, plus 2 kid’s playground areas, and baseball diamonds. Plus you are only minutes from schools, the freeway, shopping and the Beach. Only about 1 mile to the Hermosa Strand. ** Lots of parking on Flagler which is the street to back 3 units face. ** We believe the high tension wires are likely coming down in the future, which will increase the value of every building in this tract.
