$2,280,000
NEW CONSTRUCTION

Estimated payment $14,273/month

14 Beds
7 Baths
6,263 Sq Ft
$364 Price per Sq Ft

Highlights

  • New Construction
  • No HOA
  • Laundry Room
  • 0.62 Acre Lot
  • Cottage
  • Central Heating

About This Home

Exceptional 7-unit multifamily property (encopassing 3 diffrent and continious parcels) offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major amenities and transportation, the property offers upside through rent optimization and strategic improvements. With its reliable performance and very low-vacancy track record, these buildings are perfectly suited for 1031 exchange buyers seeking a secure a replacement property. Investors will appreciate the steady NOI, professional management options, and long-term value in a high-demand rental market. The property encompases a newly constructed two-story, four-unit residential building designed with modern comfort, efficiency, and style in mind. Each unit features an open-concept layout with abundant natural light, and contemporary finishes throughout. The building includes two units on the ground floor and two units on the second level, each offering private entrances for added convenience and privacy. Thoughtfully crafted with durable materials and energy-efficient systems, the property boasts sleek kitchens with quality cabinetry, spacious living areas, well-appointed bedrooms, indoor laundry area, and a stylish bathroom. Exterior highlights include clean architectural lines, fresh landscaping, and parking spaces for residents. The classic Craftsman style (3 separate unit buildings) offer character, functionality, and excellent long-term potential for investors or owner-occupants. Featuring well-proportioned units with original architectural details, the property blends vintage charm with practical living spaces. Each unit provides ample natural light, cozy layouts, and opportunities for thoughtful updates or value-add improvements. The buildings have been maintained over the years and offers steady rental income, with room to enhance returns through modernization or strategic renovations. Located in an established neighborhood close to amenities, transit, and employment hubs, this property appeals to tenants seeking affordability and character. A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.

Listing Agent

Jose Marin

Marin Realty Group Brokerage Phone: 951-830-2967 License #01753895 Listed on: 12/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.62 Acre Lot
  • Two or More Common Walls
  • 374-063-012, 374-063-011

Home Design

  • Cottage
  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 6,263 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 15 / 83
  • Tax Tract Number 1
  • Assessor Parcel Number 374063010
  • $318 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • 6 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Insurance Expense $9,600
  • Professional Management Expense $8,400
  • Trash Expense $4,800
  • Water Sewer Expense $4,200
  • Operating Expense $28,800
  • Gross Income $167,280
  • Net Operating Income $138,480

Property Details

Home Type

Multi-Family

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Professional Management Expense: 8400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Architectural Style: Bungalow, Cottage
  • New Construction: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 374063010
  • Year Built: 2024
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 364.04

Exterior Features

  • Foundation: Raised, Slab
  • Pool Private: No
  • Roof: Shingle

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 4800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 374-063-012, 374-063-011
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 27005.00
  • Lot Size Acres: 0.6199
  • Latitude Manual: 33.67450200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 167280.00
  • Gross Scheduled Income: 167280.00
  • Insurance Expense: 9600.00
  • Lot Size Area: 27005.0000 Square Feet
  • Net Operating Income: 138480.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 28800.00
  • Rent Control: No
  • Total Expenses: 28800.00

Tax Info

  • Tax Block: 83
  • Tax Lot: 15
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 318.00

Map

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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 List to Sale Price per Sq Ft
12/08/2025 12/08/25 For Sale $2,280,000 -- $364 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW25271898

California Regional Multiple Listing Service (CRMLS)