SoldMar 13, 2023

Listed by Mohammed Jalal

Bought with Mark Andrade from Mae Capital Real Estate And Loan

Source: MetroList MLS #223007571

3718 45th Ave, Lemon Hill, CA, 95824

$870,000

6
4
5
7444 sq. ft.

Duplex

Sold: Mar 13, 2023

What's around 3718 45th Ave

About this property

Invest in the best with fully remodeled, turn-key 4 unit building!This property boasts an impressive annual gross rent of over $72,000 and is the perfect investment for those seeking a hassle-free, cash flow positive opportunity. The 2 bedroom rents for $1700/month each and the 1 bedroom is approved for $1329/month but will rent for more. Each unit features modern finishes , spacious living areas, and plenty of natural light. Enjoy the peace of mind that comes with well maintained, low maintenance landscaping. Fully gated for security. Brand new commercial coin operated laundry with 2 sets of washer and dryer.You can earn extra income.The building will be home to great section 8 tenants who take pride in where they live and plan to stay for the long term.Dont miss this rare opportunity to own a turnkey property with an impressive rental income and endless potential. Factor in a 10% management fee and 10% maintenance each year and we are still above 6.5% CAP rate. Come see why this is a must see investment opportunity. Perfect place to park your money for long term. Excellent 1031 exchange property. Must see.

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