*** SELLER WILL CARRY A NEW FIRST LOAN, INTEREST ONLY, DUE IN 5 YEARS *** The subject property is an outstanding investment opportunity with a stable income stream, rental upside, in-place capital expenditure reserves and an excellent amenity package An investor will reap the immediate benefit of the community Association’s recently approved, massive special assessment that infused its reserves with the addition of over $630,000 to cover the costs of common area maintenance and upgrades that will modernize its hallways, interior lighting and other common areas. Built in 1992, the offering consists of twenty-two 1 bedroom / 1 bath rental condominium units within a sixty-eight unit complex which are distributed throughout three floors of the property. All of the units provide central air conditioning and heating, gas ranges, microwave ovens, dishwashers and large private balconies or patios. Most of the units have either hillside views or views of the neighboring Lions Field sports complex and Hillside Park. This offering provides several unique ownership benefits rarely available in properties in this size: common area management and maintenance and a broad range of common amenities such as multiple fitness rooms on each floor, a community room with a full kitchen, media center and pool table, a private park, a pool and spa and laundry rooms and restroom facilities on each floor of the complex.
Based on information from California Regional Multiple Listing Service, Inc. as of November 27th, 2020 at 1:06pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Property Listed By: Joseph Berkson(01031951) of Marcus & Millichap RE Invest