Fantastic opportunity to own a highly profitable, income producing property. Located in a charming neighborhood of west La Habra, this 2-unit Mixed-Use commercial building sits on a corner lot. It contains a mini-mart attached to a single family residence. Unit 1: The commercial space is currently leased for $2100/month, with annual increases at 5% per year to a credit worthy tenant. Unit 2: Is a 3 Bedroom /2 Bathroom SFR being used by the current owner. Both bathrooms and the kitchen have recently been renovated. There is a detached 1-car garage (currently being used as storage), a carport, a utility shed, and an RV on the property. The RV access is through alleyway at the rear of the property. The house can be delivered vacant, or the current owner is willing to rent back for the market rent of $2700/month for up to 6 months. New Roof. New A/C, and EV Charger for SFR. Each unit has separate electric meters, with the single family residence having its own solar panels (owned). This is a great add to any portfolio. At a 6.61% cap rate with scheduled rent increases each year, the income on this property makes it a truly turnkey investment.
Listing Agent: Kevin Gibbs 01860588 Courtesy of: KEVIN GIBBS, BROKER "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 7th December, 2022 7:22 PM (UTC)