5826 Lauretta Street, Old Town, CA 92110
- $2,325,000
- List Price
- $2,325,000
- Status
- ACTIVE
- MLS#
- 260016461SD
- Days on Market
- 21
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
FIRST TIME TO MARKET! Premium USD location, premium product, premium value add and upside potential! 5826 Lauretta is a 1993 construction, condo level quality property. The asset boasts large mostly 2BR 2BA floor plans, with a 3BR also included. The units feature fireplaces in most, balconies, and select units have great views. There is a considerable amount of upside in the rents, making this a great value add investment. A new roof placed in 2025 means a huge expense off the table for the buyer! The significant upside in the property can be found with the 7 single car garages, which can be converted into multiple ADUs, likely 3 at minimum. And the best thing is, there is an additional 6 off street parking spots at the property, meaning a buyer can add units and still retain significant parking. Contact listing agent for more info today!
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Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $157,860
- Operating Expense
- 53332
Listing courtesy of Listing Agent: Florian Sighe (florian@thebrowargroup.com) from Listing Office: The Browar Group.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.