Description
$600,000 Price Reduction. Day one 6.10% CAP Rate & 9.4 GRM. Built in 1964, The University Gardens consist of approximately67,202 of rentable square feet and is in good conditionsince the current ownership has made several recentrenovations to the interiors & exteriors.The unit mix consists of 2 Bedroom, 1Bedroom & Studio units. The property is situatedon approximately 3 acres of land that includes tuckunder parking, carports, open on-site parkingin addition to street parking. The property isalso separately metered for gas and electric witha community laundry rooms, pools & rental office.Select units have been tastefully remodeled withnew flooring, windows, cabinets, stove, microwave,countertops, sink, toilet, vanity, shower, AC, recessedlighting & ceiling fans throughout. Most of the“heavy lifting†is almost complete and should appeal toan investor looking for an asset surroundedby tremendous job opportunity and 10% realisticrental upside. Priced way below replacement cost(under $253 per foot) & less than 1.5 miles from 91 and 215 freeways. Earthquake retrofit and seismic upgrades have been made & all newer roofs and rain gutters.
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0BEDS
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2.99ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
$600,000 Price Reduction. Day one 6.10% CAP Rate & 9.4 GRM. Built in 1964, The University Gardens consist of approximately67,202 of rentable square feet and is in good conditionsince the current ownership has made several recentrenovations to the interiors & exteriors.The unit mix consists of 2 Bedroom, 1Bedroom & Studio units. The property is situatedon approximately 3 acres of land that includes tuckunder parking, carports, open on-site parkingin addition to street parking. The property isalso separately metered for gas and electric witha community laundry rooms, pools & rental office.Select units have been tastefully remodeled withnew flooring, windows, cabinets, stove, microwave,countertops, sink, toilet, vanity, shower, AC, recessedlighting & ceiling fans throughout. Most of the“heavy lifting†is almost complete and should appeal toan investor looking for an asset surroundedby tremendous job opportunity and 10% realisticrental upside. Priced way below replacement cost(under $253 per foot) & less than 1.5 miles from 91 and 215 freeways. Earthquake retrofit and seismic upgrades have been made & all newer roofs and rain gutters.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.