1471 Gaviota Avenue,
With an estimated proforma cap rate of 6.05%, this well located duplex has four actual rentable units and offers a fantastic opportunity for a savvy and creative investor to capitalize on its unique unit make up. The property consists of a 4/3 unit and a 2/1, consisting of two 2/1 bungalows and two additional 1/1 rental spaces above four garages. Use it as two units, three units, four units, rooms for rent or any combination of the above. The front house is a remodeled detached two bedroom one bath with a great layout, separate front yard and a cute side yard. It would be perfect for an owner occupant. The second unit has two bedrooms and one bathroom downstairs and a staircase in back which leads to two more bedrooms and bathrooms divided by a landing with a separate entrance to the courtyard. Rent the second unit as a 4/3 or rent the spaces separately to earn even more income. The beauty of this property is its limitless potential! There is cute courtyard between the buildings and plenty of room on the lot for gardening, enjoying the outdoors, or for kids to play. Four roomy garages are around back with easy alley access. This is a great property in a fantastic neighborhood to own rentals!
Poly High (Ph)