1001 El Tejon Avenue

Oildale CA 93308

5654 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Excellent investment opportunity! This duplex was extensively renovated from the ground up in 2023, offering modern upgrades and strong income potential. Each unit features 3 bedrooms, 2 bathrooms, in-unit laundry hookups, and updated kitchens with newer appliances. One unit is currently occupied by a Section 8 tenant who is in good standing, providing immediate rental income. The second unit is vacant and presents an opportunity for an owner-occupant or investor. The vacant unit recently experienced fire damage; however, permits have been pulled and secured, the plumbing has been replaced, the electrical system has been updated, and cosmetic finishes have been completed, allowing the next owner to complete the remaining work. The property also offers ample off-street parking for both units. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers excellent potential. Buyers are encouraged to conduct their own due diligence regarding the status of repairs, permits, and any remaining work.