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$2.4M Appraisal in hand! ADU Potential! Exceptional Investment Opportunity in Mission Hills. Financing options available with VA assumable loan @ 2.25%, seller financing, subject to, and buyer concessions considered. The property is offered at a 6.27% CAP Rate and $18,000 monthly rents, an incredible value in the 92103 area. This beautifully renovated 4-unit complex offers four spacious 2-bedroom, 1-bathroom units, each with in-unit laundry. Every unit has been thoughtfully upgraded and is currently operating as a profitable short-term rental, making it a turn-key income-producing property. Ideal for investors or owner-occupiers looking to live in one unit while renting out the others. Property highlights include separate electric and gas meters, a shared water meter, and numerous recent improvements: new HVAC-ready electrical panels, resealed upper deck, fresh turf landscaping, refinished cabinets, new countertops, and durable vinyl flooring throughout. $180k+ in Seller Improvements. Don’t miss your chance to own in Mission Hills, a high-demand, low-inventory neighborhood! Contact Agent for copy of Appraisal, Offering Memorandum, Seller Improvements List. $2.4M Appraisal, Pro Forma, Offering Memorandum, Seller Improvement List, and ADU Feasibility Study all attached in documents section and available via Listing Agent contact.
Property Type(s):
Residential Income
| Last Updated | 11/6/2024 | Tract | Mission Hills |
|---|---|---|---|
| Year Built | 1958 | Community | Mission Hills |
| County | San Diego |
Additional Details
| AIR | None |
|---|---|
| AREA | Mission Hills |
| HEAT | See Remarks |
| HOA DUES | 0 |
| LOT | 6255 sq ft |
| STORIES | 2 |
| SUBDIVISION | Mission Hills |
| ZONING | RM-3-7 |
Location
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Listed with Real Broker
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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