California Classic Properties Real Estate Listings (714) 693-9456

70 Unit Residential Income

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This property is comprised of 70 single story fully furnished apartment homes. There are 68 studio units and 2 one bedrooms. All have 1 full bathroom with full kitchens. All of apartments have refrigerators, ovens, TV's and bedroom furnishings. All have separate meters for electic only and all appliances are electric. The property consists of 1.53 acres of land on three separate lots. The current owners have expended in excess of $200,000.00 to upgrade interiors with newer carpet, vynl, plumbing fixtures in wall and out, electrical G.F.I installations, some window replacements, some countertops and cabinet replacements, shower stall replacements, some newer appliances and A/C heating units, roofs, and some remodeling and exterior landscaping. There is still much to complete before property is fully rehabilitated; However all units are in very good condition. Little extensive exterior work remains to be accomplished.

The property comprises 2 corner lots at the intersection of Tam and Boston Drive and 3 buildings on Boston west side adjacent to the Stupak Community Center and the Stupak Public Park, and is within a 5 minute walk to the Stratosphere Hotel and Casino and the Las Vegas Strip. Residents enjoy easy access to employment, entertainment, park and recreation, schools, shopping via I-15, and U.S. 95 and Sahara Avenue all located within minutes from the property.

Randy Esposito, Broker
Offered at: $13,900,000
Offered By: California Classic Properties
Tel. (714) 624-4570
Fax. (714) 693-8498
E-mail:respo21011@aol.com