6742 48 Waterman

Brand new construction, fully leased, and low operating costs. A turnkey 4-unit investment in Linda Vista. On a quiet cul-de-sac in central Linda Vista, this property pairs a fully remodeled 3 bed/2 bath home with a brand new upper unit and 2 brand new ADUs, so three of the four units are new construction. That means fewer repairs and lower operating costs. All 4 units are 100% leased at market rents with leases running into 2027. Gross scheduled rent is $135,948 a year, which is a 5.1% pro forma cap rate and a 15.4 GRM. Operating expenses are about $32,500 a year. Highlights include a skylit upper unit with a wraparound balcony, open breakfast-bar kitchens in the units, private entrances, and an in-unit washer/dryer in every unit. The unit mix is one 3 bed/2 bath and three spacious 2 bed/2 bath units. Easy access to major freeways and shopping. A strong fit for an experienced investor looking for low-maintenance cash flow, or a first-time buyer who wants to live in one unit and let three help pay the mortgage.