$924,900
$24K PRICE DROP

Estimated payment $6,048/month

Total Views 22,251
1 Bed
1 Bath
1,275 Sq Ft
$725 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Rectangular Lot
  • 1 Car Direct Access Garage
  • Tile Flooring
  • Wood Fence

About This Home

Rare opportunity – two separate homes on one expansive lot, offering a perfect blend of privacy, space and versatility. Potential for multi-generational living, rental income, or a live/rent setup. The front unit is a 1 bed / 1 bath with the garage currently being used as a bonus living space and home office. Tucked away at the rear of the property, the back unit features 2 beds / 1 bath, a separate laundry room and alley access with space for small RV parking. Both homes are updated with quartz countertops, stainless steel appliances, and large windows that bring in abundant natural light. Each has a private, fully fenced yard—lush, tranquil, and ideal for outdoor living. Additional highlight includes a replaced main sewer line, offering peace of mind and long-term value. Close proximity to multiple schools, freeway access, the airport and the naval base. Don't miss this opportunity to own a flexible and beautifully maintained property with so much to offer!

Listing Agent

Erin Hawn

Willis Allen Real Estate License #01895553 Listed on: 06/24/2025

Willis Allen Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 5,702 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Rectangular Lot

Parking

  • 1 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,275 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 08001 / 15/7
  • Tax Tract Number 1455
  • Assessor Parcel Number 5515440500
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,200
  • Net Operating Income $37,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1940 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 4.25
  • Price Per Unit: 462450
  • Property Attached: No
  • View: No
  • Zoning: R-2:MINOR MULTIPLE
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5515440500
  • Year Built: 1940
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 725.41

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Inside, Stackable

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5702.00
  • Lot Size Acres: 0.1309

Multi Family

  • Average1 Bed Area: 620 Square Feet
  • Average2 Bed Area: 655 Square Feet
  • Gross Income: 4200.00
  • Gross Scheduled Income: 50400.00
  • Lot Size Area: 5702.0000 Square Feet
  • Net Operating Income: 37400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Drapes: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Actual Rent: 4200.00
  • Vacancy Allowance: 5

Tax Info

  • Tax Block: 15/7
  • Tax Lot: 08001
  • Tax Tract Number: 001455

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Price Changed $924,900 -2.5% $725 / Sq Ft
06/24/2025 06/24/25 For Sale $949,000 -- $744 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2506220

California Regional Multiple Listing Service (CRMLS)