Price reduction. First ever on market. Seller will consider carrying a first TD & note; call listing Broker for terms and conditions. The original owner has been an active manager for 46 years and has re-roofed the building (3) times, the building was fumigated approximately three years ago and the exterior was repainted ~two years ago with all dry rotted wood repaired or replaced. There is significant attainable rental upside with current rents approximately 11% under market. In an adjacent building the front 3bedroom + den unit which is 1900 sq. ft. is currently rented @$2900. Street rents for the one-bedroom units are up to $1650, and neighborhood two bedroom rents are $2,000+. The property features (1) very large 3-bedroom 2.5bath + paneled convertible den - which has always been used and configured as a 4th bedroom with walk in closet. It has a fireplace, washer dryer hook ups and attached garage. The balance of the building floor plans are ideal with (4) 2bedroom units up to 1150 sq. ft. and (1) large one bedroom unit of almost 800 sq. ft. There are seven enclosed garages plus two covered spaces. Each unit features wall/window. There is a community laundry room as well. The property is a short walk to Bella Terra mall and a short drive down Beach Blvd to Huntington pier and Pacific City.Rent increases effective 10\1 & 10\23
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