Detailed Introduction Of This Home
Just Listed: A 12-unit investment opportunity located in the high barrier to entry neighborhood of Glassell Park. The property consists of a couple structures: a 9-unit built in 1950 showcasing 7- 1bedroom units and 2-2bedroom units and a triplex built in 1924 consisting of a studio, 1-bedroom and 2-bedroom unit. The opportunity sits on 27,433 squrae feet of land and due to the zoning and favorable accessory dwelling unit regulations, a new owner may have the ability to build five (5) additional units on the premises (buyer to verify). Lastly, there is assumable JP Morgan Chase financing in the amount of $1,961,750. The fixed interest rate of 3.71% becomes variable in December 2026.