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3505-11 L St

Properties > 3505-11 L St

Status: ACTIVE

List Price: $1,150,000

Unit Mix:

(1) 3-Bedroom / 1-Bathroom

(1) 3-Bedroom / 2-Bathroom

(2) Studio

(1) 1-Bedroom / 1-Bathroom

(1) 2-Bedroom / 1-Bathroom

CAP Rate: 5.45%

Year 1 CAP Rate: 6.78%

GRM: 10.88

Year 1 GRM: 9.78

Investment Highlights:

  • Value Add Property

  • ADU Permits in Hand to Convert Garage to an Additional Studio Unit

  • Large Corner Lot with Fence Yards

  • Strong Demand for Affordable Workforce Housing

  • New Roof on Main Building with 10 Year Warranty

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