409 Washington Blvd - Apartments FOR SALE


Roseville, CA 95678- Los Cerritos
$1,050,000 USD
916-934-3266
409 Washington Blvd, Roseville, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/32
null | 7.6% Cap Rate

409 Washington Blvd
Roseville, CA 95678
Los Cerritos


HIGHLIGHTS

  • All 4 units have separate meters
  • Newer HVAC, Electrical & Plumbing
  • Common Laundry for 2 units, and individual laundry for main house and Unit 2.

OVERVIEW

Rare opportunity to own a fully renovated historic four-plex in Roseville. This mixed-use property is zoned Residential on Commercial Land & offers a large main Craftsman style home known historically as the Hill House built in 1918 as well as a separate duplex at the rear. With a labor of love, no expense has been spared restoring this historic beauty to modern comforts. Seller has heavily invested almost as much as they initially paid for the property towards extensive improvements to ALL units including NEW electrical, plumbing, HVAC, sewer lines, flooring, paint, and separate meters for each unit. Front 2 units include Unit 409: main-level house 3bd/2bth, and Unit 409 1/2: upstairs 2 bd/1bth w/kitchen, living & w/separate ext stair access. Behind the main house is a driveway with room for 3 cars & a detached DUPLEX building with 1bd units and garage. The DUPLEX appears to have been built in the 1950's including additional parking behind the duplex. 2696 sqft of total living area with 7bd and 5ba. The property is in a prime location in the heart of Old Town Roseville! Gross monthly income is $6,650, annual at $79,800 with a gross 6.13% Cap Rate. Eligible for conventional financing, and even FHA with as little 3.5% down. A labor of love for owner, but health issue forces sale.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

7.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hill House | 4 Unit Comm-Multi Family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,411 SF

ZONING

Res on Comm Land

APN/PARCEL ID

011-141-003

ASK ABOUT THIS PROPERTY

Philip RodriguezFathom Realty GroupMore Info
916-934-3266

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Philip RodriguezFathom Realty GroupMore Info
916-934-3266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.