Description
This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. This individual listing includes 2 parcels, 7274-023-003 (auto repair shop) and 7274-023-004 (parking lot). Phase I and II environmental reports already complete. Highly visible signalized intersection with a day-to-day traffic count of 20,800 cars. Full portfolio includes 4 contiguous lots with potential to build up to 22 residential units plus an additional 3 ADU's. Strong income in place while waiting for entitlements at a 4.3% cap rate. Existing property is an auto repair shop of 2355 square feet on 6570 square feet of land including the vacant lot West of the shop. 4 bays plus office, rented for $3500 month to month.
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Listing Agent: Anthony Walker Courtesy of: Buckingham Investments, Inc The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 28th May, 2022 7:54 PM (UTC)
