Property Detail
Description
This powerful income asset consists of four units housed in two detached structures, maximizing privacy and income flexibility with convenient rear alley access.The Front Structure is a stable, income-producing 2-Bedroom/2-Bathroom house. The Rear Structure contains a vacant 2-Bedroom/1-Bathroom unit upstairs, offering the new owner immediate control for renovation and leasing. Two occupied Studios are located downstairs.The property is primed for maximum cash flow. The two back units have paid-off solar panels, which significantly reduce long-term utility expenses. The property includes a dedicated laundry room that could be utilized for additional income. The attached garage is vacant and offers prime ADU conversion potential, making this an incredible income-generating property.The local market is stabilized by the nearby oil and energy industries and Taft College, ensuring consistent demand. The location provides easy access to downtown amenities, restaurants, and grocery stores.This property offers immediate cash flow stability and high upside potential with a current CAP rate of 8.02%.
Map Location
Listing provided courtesy of Anna Knauf of Coldwell Banker Hallmark Realty. Last updated 2025-11-13 09:11:34.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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