Ben Lomond, CA 95005
- $2,399,000
- List Price
- $2,399,000
- Price Change
- ▼ $100,000 1788732469
- Status
- ACTIVE
- MLS#
- ML82055141
- Year Built
- 1950
- Lot Size
- 30,884
- Acres
- 0.71
- Days on Market
- 38
- Property Type
- Commercial
Property Description
Nestled among the towering redwoods of the San Lorenzo Valley, this rare 8-unit multifamily property boasts excellent rental history with low vacancy, appealing to long-term tenants, and offers the fundamentals a thoughtful investor looks for: high occupancy, high income potential, and a desirable location for easy access to highways and public transportation. Versatility of units makes this great for buyers searching for solid investment return: live in one, rent the others, or a community compound. Property has been well-maintained by the current owner. Set on a bright and sunny flat lot with one new roof, repairs, and painting completed in 2026. The property features a mix of 1- and 2-bed cottages, two 2-bed apartments, 3 studio apartments, and a 3-bed/2-bath house, with inviting front porches, vibrant exterior finishes, and a peaceful, community-oriented layout that tenants love, with the opportunity to create a large raised-bed garden. Additional highlights include on-site parking for all units and a large garage for storage and extra income potential. With the flexible unit mix and upside potential, this is an exceptional opportunity for investors seeking immediate cash flow and long-term appreciation in one of the most desirable and supply-constrained rental markets in CA.
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Additional Information
- Taxes
- $14,262
- Heat
- Central, Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Shingle
- Water
- Public
- School District
- Other
- Elementary School
- Other
- Middle School
- Other
- High School
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $218,000
Listing courtesy of Listing Agent: Sage Goncharoff (sage.goncharoff@exprealty.com) from Listing Office: eXp Realty of California Inc.
Mortgage Calculator
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.