$2,490,000
$310K PRICE DROP

Estimated payment $14,948/month

Total Views 8,435
-- Bed
22 Baths
6,696 Sq Ft
$372 Price per Sq Ft

About This Home

22-unit studio apartment building with strong cash flow and value-add potential. T-12 through May 2026 reflects approximately $189,000 NOI. Property features numerous upgrades, including plank flooring, LED lighting, composite decking, and four sets of coin-operated laundry equipment generating additional income. Opportunity exists to further increase revenue through operational improvements, potential heat pump installation, and possible expansion of basement space (subject to buyer verification, permits, and approvals).Property appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives. Located in a desirable rental market with limited multifamily inventory. Seller financing, hard money, sale-leaseback, and other creative structures may be considered. Offers due by 8/3/26.

Listing Agent

Russell Sabadosa

Premier Choice Realty Listed on: 06/11/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,555

Year Built

  • Built in 1965

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 22 Full Bathrooms
  • 6,696 Sq Ft Home
  • Property has 1 Level
  • Basement

Parking

  • 28 Car Parking Spaces
  • Driveway
  • 28 Open Parking Spaces

Additional Features

  • 29,800 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 2484304

Community Details

Overview

  • 22 Units

Recreation

  • Park

Building Details

  • Electric Expense $1,567
  • Insurance Expense $5,200
  • Water Sewer Expense $3,900
  • Operating Expense $18,919
  • Net Operating Income $189,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,555

Year Built

Built in 1965

Lot Details

0.68 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1965
  • Levels: 2
  • Year Built Details: Actual
  • APOD AVAILABLE: Yes
  • MLSPIN_BEACHFRONT_FLAG: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Fireplace YN: No
  • Basement YN: Yes
  • Full Bathrooms: 22
  • Total Bathrooms: 22
  • Above Grade Finished Sq Ft: 6696
  • Living Area: 6696
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: M95398

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 28
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 28

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3900

Lot Info

  • Parcel Number: 2484304
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.68
  • Lot Size Sq Ft: 29800
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 16555

Multi Family

  • Electric Expense: 1567
  • Insurance Expense: 5200
  • Net Operating Income: 189965
  • Number Of Units Total: 22
  • Operating Expense: 18919
  • Total Actual Rent: 21300
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/27/2026 07/27/26 Price Changed $2,490,000 -2.4% $372 / Sq Ft
06/15/2026 06/15/26 Price Changed $2,550,000 -8.9% $381 / Sq Ft
06/11/2026 06/11/26 For Sale $2,800,000 -- $418 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73534182

MLS Property Information Network (MLS PIN)
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