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338 Garretson Ave 2 Unit Apartment Building $699,888 ($349,944/Unit) 8.74% Cap Rate Rodeo, CA 94572
Investment Highlights
- Two Separate Homes on One Lot – Offers exceptional flexibility for homeowners, investors, or multi-generational living
- Rear Home: 1 Bed / 1 Bath – Ideal for extended family, guests, or rental income opportunity
- Separate PG&E Meters & Laundry Hookups – Each home operates independently, simplifying utility management
- Main Residence: 2 Bed / 1 Bath – Potential to convert to a 3-bedroom, adding value and versatility
- Recently Remodeled Interiors – Features new flooring and fresh interior/exterior paint for a modern, move-in-ready feel
- Delivered Vacant – Opportunity to select your own tenants, live in one unit and rent the other, or create a custom living arrangement
Executive Summary
Two separate homes on one lot! Exceptional flexibility for both homeowners and investors. The main residence is a 2-bedroom, 1-bathroom home with potential to convert a room into a 3-bedroom, providing added value and versatility. The rear building is a 1-bedroom, 1-bathroom home that is ideal for extended family, guests, or rental income. Both homes include their own laundry hookups and sit on a generously sized lot. Both homes have been thoughtfully remodeled with new flooring and fresh interior and exterior paint, creating a modern, move-in-ready feel. Each home is equipped with its own separate PG&E meters, allowing for independent utilities and ease of management. Delivered vacant, this property presents a rare opportunity for buyers to select their own tenants or design their ideal living arrangement. Live in one home while renting out the other to generate supplemental income, or enjoy multi-generational living with added privacy and comfort. Located in a quiet, well-established neighborhood, this property offers both convenience and appeal.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $699,888 | Apartment Style | Low-Rise |
| Price Per Unit | $349,944 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 8.74% | Building Size | 1,350 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1919/2026 |
| Property Subtype | Apartment |
| Price | $699,888 |
| Price Per Unit | $349,944 |
| Sale Type | Investment |
| Cap Rate | 8.74% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,350 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1919/2026 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Attic
- Breakfast Nook
- Deck
- Double Pane Windows
- Lawn
- Mother-in-law Unit
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,000 | - |
| 1+1 | 1 | $2,100 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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338 Garretson Ave
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