12529 E Ave V10, Pearblossom, CA 93553

Property Description

Seller is willing to offer concessions. ATTENTION INVESTORS! Great opportunity to own a fully occupied 5-unit income-producing property in Pearblossom! The current monthly income is $4,175. Here is the breakdown of the rental income: $1075, $700, $1,000, $700, $700 per month. This is the type of property investors have been looking for. Strong rental potential, existing tenants, and rents that are currently BELOW MARKET, offering an excellent opportunity to increase cash flow and value over time. The property offers approximately 4,733 sq. ft. of living space and is situated on a 35,651 sqft lot with LCR3 zoning. All 5 units are currently occupied and generating $4,175 in monthly income. This is a true VALUE-ADD opportunity for an investor willing to put in some TLC and improvements. This is a great FIXER, HANDYMAN SPECIAL, CONTRACTOR SPECIAL, or renovation opportunity depending on your investment strategy. Great opportunity to BUY, IMPROVE, and BUILD EQUITY while collecting rental income. Bring your contractors, handyman, property manager, or investment team and explore the possibilities. Potential for converting to Section 8 and increased rents and improved income through renovations and better management. Buyer to independently verify all zoning, permits, square footage, unit count, rental income, development potential and other property information with the appropriate agencies. MOTIVATED SELLER! Properties like this rarely offer the combination of 5 existing units, current occupancy, below-market rents and value-add potential. Ideal for an investor looking for a rental property, cash-flow opportunity, fixer, rehab project or long-term investment. This one could sell fast. Don't miss this opportunity! Property sold "as is" buyer(s) and agent(s) to do their due diligence & satisfy themselves with regards to all aspects of the property including but not limited to square feet, room count, liens and permits. seller(s) or seller’s agent(s) is/are not professional home inspector(s), contractor(s) or appraiser(s) and is/are not trained to guarantee or make promises in regard to property condition.