570 N Cambridge is located in one of the most desirable, supply constrained rental submarkets in SoCal, near the prestigious Chapman University. This large 2 unit property benefits from year-round demand with an ideal unit mix for both stable cash flow and rental flexibility for students and young professionals. This property serves as a great option for investors and Chapman parents! The front home consists of 6 bedrooms, 6 baths & the rear ADU home consists of 4 bedrooms, 4 baths. The property has a strong rental history, with the front house achieving $8,850/mo and the rear ADU unit achieving $4,795/mo. Each unit has private bed/baths, ensuite laundry, air conditioning, forced air heat, high end finishes, and private yard space for tenants' enjoyment. The property has 10% upside in rents, and also offers the opportunity to convert the single car garage to a 3rd Unit. This opportunity provides access to a strong and steady student renter base, a unique hedge against CA rent control initiatives, strong rental upside, and long-term appreciation.
Listing courtesy of Listing Agent: Shane Young (Shane@YoungLewin.com) from Listing Office: Younglewin Advisors, Inc..
Listing sold by Daniel Gomez from Younglewin Advisors, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.