18544 Vidora Drive, Rowland Heights, California 91748, Rowland Heights, 91748 - bed, bath

18544 Vidora Drive, Rowland Heights, California 91748 home-pic-0
ACTIVE$1,495,000
18544 Vidora Drive, Rowland Heights, California 91748
0Bed
0Bath
3,500Sqft
8,189Lot
Year Built
1964
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
PW25007052
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.50M(50th), sqft - 3500(50th), beds - undefined(50th), baths - undefined(50th).

High potential income investment for 4 units apartment as the annual rent increase for A-B-C 3 units as maximum 8.9% max catch up this year after CO pandemic and Unit D rent is current at $2200-after upgrade 4 splitter A/C inverters, new bathroom, kitchen, a formal dining room-non permit, interior painting and floor in 2022. 6 carport parking space, one assigned to each unit and two carport rent to existing tenant $75-totol monthly rent $6,520.00 Estimate after adjustment 2025 November 1st after rental income $7041.6/month, 2026 November 1st rental income $7604.9/month, 2027 November rental income $8213.3/month at a 8%+ maximum rent increase subject to local CPI index and local city regulation.

Condition Rating
Fair

The property was built in 1964. While one unit (Unit D) has a renovated kitchen and bathroom in 2022, the other units (A, B, and C) are likely older. The images show some updated flooring and paint, but the overall condition suggests it's aged but maintained. The description mentions potential rent increases after adjustments, indicating the need for further upgrades to maximize rental income. Therefore, a 'Fair' rating is appropriate.
Pros & Cons

Pros

Income Potential: High potential for income investment with significant annual rent increase potential for three of the four units.
Rental Income: Current rental income is $6,520.00 per month with projected increases in the coming years.
Unit Upgrade: One unit has been upgraded with new A/C inverters, bathroom, kitchen, dining room, interior painting, and flooring in 2022.

Cons

Year Built: The property was built in 1964, which may require ongoing maintenance and potential upgrades to meet modern standards.
Permitting: The formal dining room in the upgraded unit was added without a permit, which could pose potential issues.

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