Property Description

UNIQUE HISTORIC INVESTMENT OPPORTUNITY! 5,025+ SF multi unit building constructed in the 1920s featuring 16 garage/storage units plus an apartment-8 garages and 8 storage units. PRICED AT ONLY $35 PER SSQ FT!! The property has a fascinating history and has been utilized over the years for storage, garages and even artist studios. Many of the units are currently rented to owners of the neighboring historic Casa Caprona Condominium. HANDS-ON/HANDY PERSON SPECIAL! Property is being sold strictly AS IS, with Buyer accepting the property in its present condition and all faults, defects and condition issues. Zoning is RS-4 Residential and the property is NOT being offered subject to rezoning. Apt need complete renovation. SEE SUPPLEMENT FOR MORE INFO CASH CONTRACTS ONLY. PROOF OF FUNDS REQUIRED WITH ALL OFFERS. See recent boundary survey in the Documents section for additional property information. Buyer to independently verify all zoning, dimensions, uses, rental information, utilities and other property details. A shared well for irrigation water to the neighboring Casa Caprona Condominium. Currently generating $1,400 to $1,500/month see rent roll in documents tab. Apartment is vacant. Owner uses several units. Huge upside for increased rents after substantial renovations.