This beautiful Craftsman-style 3-unit property presents an exceptional investment opportunity with significant upside potential! The property features two fully rented back units and a spacious front unit with a market value lease of $3,500/month. The charming Craftsman architecture adds timeless character and appeal, making this property a standout in the area. With the front unit offering ample space, it’s an ideal opportunity for an owner-occupant to live in the front unit while generating rental income from the two back units, or to maximize the investment potential by renting out all three.
Property Highlights:
-3 units in total
-Front unit has a market value lease potential of $3,500/month
-Rear units currently generating $1,700/month and $1,730/month (each) at full occupancy
-Total Monthly Rent (for fully rented units): $6,930/month
-Annual Gross Scheduled Income (GSI): $83,160 (potential)
This is a rare opportunity to own a multi-unit Craftsman in a neighborhood where nearby single-family homes—without rental units—have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.
2,044 Sq Ft
6,729 Sq Ft Exterior Space
Investment
Built in 1922
MLS/Listing ID PW25107437
2 Stories
3 Units
Parking - On Site
Parking - Paved
Parking - One Space
Parking - Shared Driveway
Parking - On Street
Composition
Style - Patio Home
Community - Curbs
Community - Sidewalks
Community - Urban
Construction - Wood Siding
Average Condition
Wood
Parking - Direct Access
Parking - Concrete
Lot - No Sprinklers
Lot - Rectangular Lot
Lot - Near Public Transit
Lot - Lawn
Lot - Front Yard
Lot - Backyard
Lot - Street Level
Laundry Room
Gas Dryer Hookup
Washer Hookup
Wrought-iron
Parking - Gated
Parking - Garage
Parking - Garage Faces Front
Parking - Driveway
Parking - Door Single
Parking - Driveway Level
Main Level Primary
Bedroomon Main Level
Water Heater
Vented Exhaust Fan
Accessible Doors
Parking
Safe Emergency Egress from Home
Unfurnished
Quartz Countertops
Raised
Vinyl
Listing Courtesy of COLDWELL BANKER REALTY, LUEN SONG
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE