MarketPier

12013 Neenach Street - Sun Valley, CA 91352

$869,990
Listing Description

Two houses on a lot with separate addresses. Talk about opportunity, these homes 2 properties boast approx 2040 total sq ft with 5 bedrooms & 3 bathrooms total. Each property has their own separate gas and electric meter and 1 shared water meter. You could live in one property and rent out the other or makes for a great investment opportunity with a potential 6% cap rate by renting out both units.Front house 12013- Has been remodeled and is approx 840 sq ft with 2 bedrooms and 1 full bathroom. Great curb appeal and inside you will be amazed by the natural sunlight throughout the living room and kitchen. The kitchen features new white shaker cabinetry for optimal storage, new quartz counters, and & new stainless steel appliances. Hallway leads to the 2 bedrooms serviced by a hallway bathroom with new vanity, new tiled floor and new shower enclosure. Inside laundry hook ups, new interior/exterior paint and new laminate floors throughout. The 2nd property 12011- Is a permitted 2019 ADU new build and features a single story w/ attached 2 car garage, 1200 sq ft with 3 bedrooms and 2 bathrooms, Kitchen with various cabinets for ample storage and quartz countertop & stainless steel appliances. Laminate floors through out, central heat and AC, and inside laundry hook ups. Front home has the possibility to rent for $2400/ month while the back home has the possibility to rent for $3300/month for a combined total of $68400/year.

Listing Information
MLS Number
IG19271080
APN/Parcel ID
2633015016
Type
Multifamily
Sub Type
Multifamily
Building Size
2,040 sqft
Lot Size
7,518 sqft
Price / SQFT
$426
No Units
2
Price / Unit
$434,995
Gross Scheduled Income
$68,400
Expenses
$13,728
Total Expenses
$13,728
Net Income
$54,672
Listing Date
11/29/2019
Days Active
7
Last Updated
12/7/2019
Listing Provided By
Alaura Clennon
Griffin Real Estate, Inc.
BRE# 01390361

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