Prime Investment Opportunity is thriving Mission Hills with Mills Act tax benefits to begin in 2019. Built in value add for new owner with ability to increase rents in 2019.Over $300,000 in restoration and renovations over the past 12 months completed by Jonathan Segal, renowned local architect. Current cap = 4.12% â¢ With Mills Act Prop Tax Savings Cap = 4.42% â¢ Rental Increase Cap = 4.78% â¢ subject property is considered a 4 unit Multi-Family and an additional garage conversion studio rented at $1220
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Commercial-Res Income, MLS# 140043455
Listing provided by Krone & Bushard, Inc.