Description
Great opportunity to own 5 individual rental properties! These freshly painted, individual houses are located on a 15,000 sqft corner lot, minutes away from FWY 99. Each property is approximately 468sqft, each with 1 bedroom & 1 bath. Potential rent income from Section 8 is $1085 per house, totaling $5425 per month, $65,100 per year. Current rents are below market rate. Also near Malaga Community Park & Recreation Center which has pool, soccer field and play ground. Currently all units are occupied. Make a contingency offer subject to inspection.
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0BEDS
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0.34ACRES
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0BATHS
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01/2 BATHS
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2,340SQFT
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$235$/SQFT
School Information
Description
Great opportunity to own 5 individual rental properties! These freshly painted, individual houses are located on a 15,000 sqft corner lot, minutes away from FWY 99. Each property is approximately 468sqft, each with 1 bedroom & 1 bath. Potential rent income from Section 8 is $1085 per house, totaling $5425 per month, $65,100 per year. Current rents are below market rate. Also near Malaga Community Park & Recreation Center which has pool, soccer field and play ground. Currently all units are occupied. Make a contingency offer subject to inspection.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T22:32:00.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.