This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $850,000—positioned above the $722,739 Fair Market Value. While the property requires a premium, it offers significant income potential with a projected gross monthly revenue of $7,750. Featuring a Fair Condition Rating, the site includes a main house, a casita, and two ADUs. The seller’s willingness to trade or carry financing provides unique flexibility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to subsidize their mortgage through high-density rental income.
Property is moderate renovation needed.
The property was built in 1948, making it 78 years old. While the addition of ADUs and its status as a functioning rental income property suggest it is habitable and maintained, there is no mention of a comprehensive modern renovation (<15 years) for the main house's kitchen, baths, or major systems (HVAC/Electric). It is classified as Fair due to its age and the likelihood of dated interiors requiring minor repairs or updates to meet modern standards.
The property is configured as a quadruplex with four distinct living units, offering a projected gross monthly income of approximately $7,750, making it a high-yield investment opportunity.
The seller is offering 'Owner May Carry' terms and is open to property trades, providing rare flexibility and accessibility for buyers in a restrictive lending environment.
With the ability to deliver the front house vacant, the property is ideal for an owner-user looking to occupy the main 3-bedroom home while using the other three units to subsidize the mortgage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2200, other record living area = 1187.
Housing four separate units on a 6,350-square-foot lot creates a high-density environment that likely limits private outdoor space and may lead to parking congestion for tenants.
Originally constructed in 1948, the property may require significant ongoing maintenance or capital expenditures to manage aging systems across multiple kitchens and bathrooms.
SINGLE FAMILY HOME. 3 BEDROOM 2 BATH WITH SINGLE CAR GARAGE RENTED $2500.00 CASITA SINGLE NO BEDROOM. RENTED $1300.00 2 BEDROOM 1 BATH JUNIOR ADU PROPOSED RENT $1850.00 DETACHED 2 BEDROOM 1 BATH ADU PROPOSED RENT $2100.00 CAN DELIVER VACANT Front House/ OWNER MAY CARRY. Will trade for another property
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 2,200 | 1,871.438 |
| Lot Size | 6,350 | 7,757.938 |
| Price | $850.0K | $669.3K |
| Price per sq ft | $386 | $318 |
| Built year | 1948 | 1948 |
| HOA | $0 | $0 |
| Days on market | 19 | 63 |
Oct 5, 2026
$850,000
Initial Listing
Jun 28, 2023
$240,000
Public Record