$2,790,000Size Upon Req.
Owner has improved this charming park in many ways such as mostly newer homes, streets and storm drains. Park is full. Tenant is being evicted from space 23 and park owner will rehab home. Park is on city services, sub-metered gas, electric and water. There is rent control but most tenants are on long term leases which provide property tax pass-thru. Excellent opportunity to acquire this park in a great area. Please contact listing agent regarding the existing loan terms.
The subject improvements consist of five detached buildings containing 7,644 square feet of gross building area. Four of the buildings provide a total of six apartment dwellings, and one building is a tavern/bar structure. The subject improvements create a site coverage ratio of 13% and a floor area ratio of 0.18:1. The density is equal to seven rental units per acre (7.0:1). The property has five detached residential apartment buildings. They contain a total of 5,268 square feet, which accounts for 69% of the GBA. These structures were reported to have been constructed in approximately 1955, and are located in the center and rear of the site. They are of wood frame and stucco construction over concrete perimeter foundations. The roofing is wood frame and composition shingle, and the windows are aluminum and vinyl frame. The interior finish is primarily carpet and vinyl flooring, gypsum/drywall panels over wood studs, and wall heaters. The kitchens provide built-in cabinets, sinks, and free-standing appliances. All of the units provide two bedrooms and vary between one and two story (townhouse) floorplans. All of the units have private patios and attached carports.
Lots of Room on approx 4.89+/- Acres property with 2 Homes, a 3Bd 2ba Home plus 1Bd 1 Ba House with Office and Den, each home has their own driveway. Great for Horses and has lg kitchen, living room, and family room. Plenty of room for RV's, Boats,gardening or animals. Close to dining,shopping,parks and schools.Rents easily and has great income!
Commercial and/or Residential with Development Potential For Sale 4,343± sf Total in 3 Buildings on 32,234± sf (3/4± acre) Lot with 18± Parking Stalls. 2,941± sf 2-Story Commercial/Residential Building - Currently Demised into 3 Units. Three 22' x 15' 1/3' Storage Units/Garages = 1,012± sf. A 26' x 15' Storage Building = 390± sf. Circa Late 1800's Aesthetically Charming High Quality & Stately Architecture - New Roof, Redwood Siding & Construction with Stylish Old-Time Front Porch & Rear Deck - Surrounded by Mature Landscaping & Trees (Oaks & Redwood) - Stylish Wrought Iron/Stone Fence & Electric Gate Entry. DEVELOPMENT POTENTIAL: Zoning Development Standards for Commercial/Office (CO) Zoning Includes: 65% Maximum Lot Coverage - subject to 5' - 15' setbacks, parking & height. 35' maximum height - 3 stories. 30 units per acre maximum residential density. CO Zoning Allows for Office, Medical, Retail, Restaurant, Residential or Multi-Family.