1131 Lincoln Street comprises four 1977 construction buildings on a large 0.6-acre corner lot that offers ample gated on-site parking. The buildings contain a highly desirable unit mix of 16 two-bedroom/one-and-one-half-bath townhomes that average 850 square feet and are separately metered for gas and electricity. The property also has laundry machines, however they are currently non-operational; a new investor could reinstate on-site laundry and collect additional income.
This asset presents an outstanding opportunity for an investor to acquire a property with a strong unit mix, excellent cash flow on current rents, and additional potential upside in a growing majority-renter market.
Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2019 at 4:18pm CDT. 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.