Property Detail

Description

Rare opportunity to own a cash flowing compound! Currently all three units are rented. Drive by only, please do not disturb occupants. Main house is over 1,600 SF and features 4 beds (3+open office), 3 baths, a breezeway that attaches to a 2 car garage. Remodeled in 2020, the home features quartz counters and stainless appliances, luxury vinyl plank floors, wood windows and a lovely fully fenced yard. Behind the garage is 7756 and 7756 1/2 Delco Ave. a fully permitted 1200 SF 2 story ADU that has been split into two apartments. 7756 1/2 is the smaller second floor apartment and is 500 square feet with an eat in kitchen, private laundry, 2 bedrooms and 1 bath and offers a huge enclosed patio. This unit has its own water heater and HVAC all new in 2020. 7756 Delco is the lower unit which is 700 SF, and consists of 2 beds, 1 bath, remodeled kitchen, private laundry and a small patio and grassy yard. These two units are fully permitted as a 1200 SF ADU but have been split into two and could easily go back if desired. The ADU apartments share an electric meter but there is a submeter for the upper unit's electric and each also has their own water submeter. ADU tenants pay all utilities except trash. Even internet is separate. The main house pays all their utilities. Sewer is split 3 ways and water is calculated by usage. Currently the combined rent for the 3 units is $7,800 and they are never vacant. Located on a dead end street, there is secluded parking. Leases run 1 year but are laddered so renewal for the 7756 Units come up end of Summer to Early Fall while the Main house renewed in March. Interior pics are from 2020.