The Coronado Real Estate Group presents another great value-add property for sale! Mixed use on a C4 lot consisting of 2 apartments, 3 storefront retail units and 2 bonus units that come with city approved plans for legalization! The property consists of 3,400 SF on a 6,616 SF lot and the current owner recently completed $100K+ in renovations; including renovation of one apartment unit, two retail units, the bonus units, four garages, installation of bathroom in rear of retail units, new hot water heaters, and new exterior paint and stucco. In addition, other features include sep. gas and electric meters and very low expenses. One of the retail units is rented on M2M tenancy, offering a buyer flexibility to owner-occupy unit or vacate for a higher paying tenant. 5120 Huntington Dr is a unique value-add opportunity to purchase an existing cash flowing property with significant upside potential that can be realized not only by rent increases, but also by legalization of bonus units!
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