Expansive 3-unit mixed-use building on bustling Valencia St. between 22nd and 23rd. It is comprised of (1) 7-room flat (5bd/2ba), (1) 6-room flat (4bd/1ba) and (1) street level commercial space. 1116, the 7-room flat, features a master bedroom w/ en suite bathroom and was updated with new flooring, counters, cabinets, appliances and windows. Both flats (1116 & 1118) feature ornamental fireplaces, curved bay windows, enclosed porches, in-unit laundry connections, and ample storage. The commercial space, currently used as a food manufacturing facility for Lucca Ravioli Co. is significantly underutilized and offers tremendous opportunity for an adaptive re-use project with a number of possible configurations and uses. Property has dual frontage on Valencia and San Jose. There is astounding 109% upside in residential rents offering savvy investors more than one way to significantly increase cashflows and property value.
Listing Courtesy of: Jordan Geller, Broker, Jordan Geller, J.B. Williams, Broker, Jeffrey B. Williams
Buyer represented by Louis Cornejo at Urban Group Real Estate
MLS listing information is deemed reliable but is not guaranteed by the service.