This Multifamily Property is no longer advertised on LoopNet.com.
3185 Madison Ave
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
One Block Away From Adams Avenue - TENANTS LOVE THIS LOCATION
Lowest Price Per Unit for Stabilized & Seasoned Asset in 92116
Easy Access to arterial freeway for Commuting tenants
Immediate Rental Upside without Renovations
Units have full sized kitchens separate from living / sleeping room.
PROPERTY FACTS
No. Units
16
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.18 AC
Building Size
4,800 SF
Average Occupancy
100%
No. Stories
2
Year Built/Renovated
1961/2019
Parking Ratio
2.92/1,000 SF
UNIT AMENITIES
Ceiling Fans Hardwood Floors
SITE AMENITIES
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
Studios
16
$1,475
300
PROPERTY TAXES
Parcel Number
447-513-25
Improvements Assessment
$816,000
Land Assessment
$3,060,000
Total Assessment
$3,876,000
ZONING
Zoning Code
R-3 (Multiple Units allowed / grandfathered)
