108 Jefferson Street

Two homes for one price! Create wealth by purchasing this 3BD/2BA home w/ legal 1BD/1BA rental unit. 3/2 was built in 1905, hitting all the architectural notes one would expect: built ins, ornate trims, pocket doors, wood floors and fleurs de lis emblems. Fumigated in 2009, updated kitchen, bath, dual pane windows and roof in 2011. Reinforced foundation per home inspector. The second unit, a 1 bedroom, 1 bathroom has open beam ceilings, parquet flooring, a 2nd set of laundry hook ups and sub meters in the garage. A sunny flat lot of 8,320 SQFT is enriched w/ Avocado, Loquat, Orange, Peach, Fig & Lemon trees. Alley access off rear of property, great for over-sized vehicles. Zoning is RM-3 = poss. 3rd unit! Est. possible income/return based on projected rents & expenses: 3BD@$2800/mo, 1Bd@$1500. EST, $51K/yr -$14K -projected expenses, projected net income $37K+-, 5.3% cap rate +-(Buyer to verify, not guaranteed). Live in one, rent the other or rent both. Also in Multi Res: ML81711814