719-31 N 63rd St, Encanto, CA 92114

$2,525,000
6
BD
3
BA
4,822
SqFt

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Sold Price
$2,525,000
List Price
$2,550,000
Closing Date
Jun 17, 2025
Status
CLOSED
MLS#
250021343
Bedrooms
6
Bathrooms
3
Living Sq. Ft
4,822
City
Encanto
Property Type
Multifamily

Property Description

We are pleased to present this 6 on 1 in Encanto.  The property offers 5 single story 3Br/1Ba houses and a 2-story 3Br/2Ba front house with its own private backyard and driveway.  The 5 single story houses are fully renovated with all new but not limited to roofs, stainless steel appliances, dual pane windows, plumbing, electrical, mini splits, ceiling fans in each bedroom and in-unit W&D.  The 3Br/2Ba is separately metered for water and gas&electric which tenant pays all utilities for that unit. The owner has plans submitted to the city to demo the 2-story front house and build 4 new 2Br/2Ba units (2,900 SF) with parking.  The property currently generates $210,000 gross income yearly bringing in a 5.64% CAP rate on ACTUALS!  Call today to get more information on this amazing investment that offers great cash flow and upside to build more units!

Additional Information

Living Area
4,822
Stories
1

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Adrian Gonzalez-Pureco (858-735-9977) from Listing Office: South Coast Commercial, Inc..

Selling Office: Century 21 Affiliated.

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