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940-942 Hough Ave
Lafayette, CA 94549
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 5,960 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Zoning | MRA | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,960 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | MRA |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Tub/Shower
- Carpet
- Deck
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Trash Pickup - Curbside
- Walking/Biking Trails
- Public Transportation
ABOUT 940-942 HOUGH AVE , LAFAYETTE, CA 94549
Rarely available, highly sought after multi-family complex in Downtown Lafayette! Walk to shopping, restaurants, schools, parks, BART and open space opportunities. Highly rated schools, low crime, high quality of life, fantastic location and setting make Lafayette one of the most desirable places in Northern California to live. Apartment complexes are few and far between in this market and become available very infrequently. This complex is being offered for sale for the first time in over 30 years and there is substantial upside in rents and operations for an "add value" investor. The complex consists of two buildings, each with four units, on one legal parcel. There is a neighboring single family home behind the subject property that IS NOT part of this sale. The buildings are two story, wood framed structures on concrete slab foundations. The siding is a mix of wood siding and stucco with brick veneer trim. One roof is pitched, composition shingle, while the other is a built up roof. Gas and electric are separately metered, while the water is master metered and currently paid by the owner, as is the trash. Many investors in the Lafayette area institute reimbursement programs for the residents to pay for water and trash removal. The units have eat in kitchens, living rooms, two bedrooms and one bath with a tub/shower combination. The kitchens feature free standing ranges and refrigerators. A few have dishwashers and disposals. Please contact listing broker for full brochure and due diligence package. OFFERS REVIEWED AS THEY ARE SUBMITTED.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $2,000 | 745 |
PROPERTY TAXES
| Parcel Number | 243-200-014-5 | Improvements Assessment | $1,450,172 |
| Land Assessment | $2,007,932 | Total Assessment | $3,458,104 |
PROPERTY TAXES
