Property Detail

Description

RARE opportunity to acquire a METICULOUSLY restored 1912 Craftsman TRIPLEX with 100+ documented upgrades and more than 15 years of capital investment, located within a designated Opportunity Zone offering potential tax advantages for qualified buyers (buyer to verify). Major infrastructure improvements include full PEX plumbing replacement (2023), Navien tankless water heater (2023), whole-house water filtration system (2024), electrical panel and wiring upgrades, new gas lines, ductwork and attic insulation, foundation reinforcement, crawl-space French drains with sump pump, roof replacement (2020), underground drainage, exterior paint and stucco restoration, and numerous system upgrades throughout the property. The homes are surrounded by a curated collection of 23+ mature specimen rare palms and cycads, creating a distinctive botanical garden environment rarely found in residential income properties, with outdoor living centered around a private courtyard featuring a custom flagstone patio, fountain water feature, and professional landscape lighting. The property consists of three separately metered residences totaling approximately 2,661 SF with 5 bedrooms and 4 bathrooms, plus 8 parking spaces including a two-car garage, four driveway spaces, and two alley-access spaces. Estimated $112,800 gross scheduled income (buyer to verify). Unit mix includes a 3BD / 2BA main residence (approx. 1,554 SF) plus two 1BD / 1BA residences (approx. 504 SF and 605 SF). The main residence preserves original Craftsman character with refinished hardwood floors, restored Craftsman doors with antique hardware, stained-glass window, artisan blown-glass lighting, and Solatube daylight systems. The remodeled kitchen features quartzite stone countertops, custom cabinetry, Kohler farmhouse sink with antique bronze fixtures, KitchenAid refrigerator, Whirlpool five-burner gas range with vented hood, and Miele professional stainless dishwasher. Rear residences have been updated with modern appliances, refreshed bathrooms, lighting upgrades, electrical improvements, and exterior enhancements, with one residence receiving 2024–2025 interior updates including new outlets, switches, fixtures, and custom redwood deck seating. Shared amenities include a remodeled laundry room with LG front-load washer and dryer, stainless utility sink, cabinetry, and LED lighting. Located within North Park’s Transit Priority Area with convenient access to neighborhood dining, shopping, and transportation corridors. Buyer to verify all information including square footage, income, expenses, permits, zoning, and Opportunity Zone eligibility prior to close of escrow.