Description
Fall in love with this tastefully remodeled home where everything has been redone: the kitchen, the 3 good size bathrooms, new carpet in the 4 bedrooms, new laminate wood flooring in the common area, new double pane windows, a new roof... Assessor shows a 1,555 sf house that sits on a large 10,375 sf lot with 2 bedrooms and 2 bathrooms. This inviting home features 2 master suites with en suite bathrooms. The remodeling was done with a city permit for 3 bathrooms, one kitchen, and one new roof. Buyers to satisfy themselves for any other information regarding the additional bedrooms and baths. Nearby schools include PUC Community Charter School rated above average and Balboa Gifted Magnet school rated excellent. The house sits in a federally designated Opportunity Zone and with the new ADU law, one detached ADU up to 1200 sf and one junior attached ADU can be built on the lot. The Opportunity Zone allows an investor to reduce the tax on the capital gain invested in this property by 10% and to permanently exclude taxable income on future gains if the investment is held for at least 10 years. Rental survey shows $3,500 possible for a 4-bedroom house with a median rent of $3,225 and $3,000 for a 3-bedroom house (new 1200 sf ADU?) with 2 comparables within 0.24 mi of subject and finally $2,000 for a 2-bedroom.
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4BEDS
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0.24ACRES
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3BATHS
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01/2 BATHS
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2,138SQFT
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$327$/SQFT
Description
Fall in love with this tastefully remodeled home where everything has been redone: the kitchen, the 3 good size bathrooms, new carpet in the 4 bedrooms, new laminate wood flooring in the common area, new double pane windows, a new roof... Assessor shows a 1,555 sf house that sits on a large 10,375 sf lot with 2 bedrooms and 2 bathrooms. This inviting home features 2 master suites with en suite bathrooms. The remodeling was done with a city permit for 3 bathrooms, one kitchen, and one new roof. Buyers to satisfy themselves for any other information regarding the additional bedrooms and baths. Nearby schools include PUC Community Charter School rated above average and Balboa Gifted Magnet school rated excellent. The house sits in a federally designated Opportunity Zone and with the new ADU law, one detached ADU up to 1200 sf and one junior attached ADU can be built on the lot. The Opportunity Zone allows an investor to reduce the tax on the capital gain invested in this property by 10% and to permanently exclude taxable income on future gains if the investment is held for at least 10 years. Rental survey shows $3,500 possible for a 4-bedroom house with a median rent of $3,225 and $3,000 for a 3-bedroom house (new 1200 sf ADU?) with 2 comparables within 0.24 mi of subject and finally $2,000 for a 2-bedroom.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T12:27:15.94. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.