1400 Montgomery Street

12

A unique opportunity! Stately Victorian 9 unit complex. Live in managers unit & reap the benefits of an income producing property. This complex has attracted tenants who have called this home for years. Current tenant base consisting of most recent tenant at over a year & remaining units at multiple year. Convenient location amongst other vintage homes of its day. Beautiful mature trees line the street front. Easy walk to convenient stores with bus route at street. Known as The Montgomery House; this complex consists of a large comfortable 2 bed 2 bath managers unit on main level with vintage wood work, nice sized living room, tall ceilings, victorian accents, Walk in shower & modern kitchen. The remaining 8 units consist of decent sized studio style with kitchenettes, bathrooms & private access. Beautiful vintage stairwell to upper units. Detached 2 car garage at rear of lot. Ample off street parking with 9 spots. On site coin operated laundry maintained by a laundry service company for maintenance convenience. Good size covered front porch for tenant enjoyment & rear observation deck overlooks panoramic views of the neighborhood, treetops, table mountain & as far as the eye can see. Units are on same water & PGE meter. As a great benefit there are two roof tops to rear of property with ample space where property owner could install a new solar system to offset the PGE costs tremendously creating extra profits. No need to replace roof prior to new solar system install as a brand new quality roof was installed 2022 on full structure (A large completed expense). Being a vintage home, as another great benefit, a contractor went around this structure & removed & installed tired wood & dry rot wood members for structural integrity. To top it off a licensed paint contractor painted full structure which was in the completion process at time of property hitting market; some photos reflect work in progress. Prior owner lived here for many years utilizing the income to greatly supplement her retirement plan. Owner left one unit available & ready to occupy to allow new buyer opportunity to fill as desired, as well as managers unit left available for potential of owner occupancy or desired manager placement. Units rent at $710 per unit; $5,680 if all studios rented. Rent managers unit $900+ for potential total $6,580+ in rents. Zoned R3. Shown to pre qualified buyers only with verification of qualifications. Income/Expenses-Seller Estimates. Rare market opportunity!
1400 Montgomery Street, Oroville, CA 95965 | Residential Income | Active | 4215 SF | 14374.8 SF Lot | Built 1905 | MLS# OR22149175

Offered at $695,000

Features

Garage Spaces: 2 | Parking Spaces: 12 | Pool: No | View: Panoramic,See Remarks | Colling : Evaporative Cooling,Wall/Window Unit(s) | Roofing: Composition | Heating : Baseboard,Wall Furnace

Agoura Hills

4149 Liberty Canyon Road
Agoura Hills, CA 91301
Info@addressrealestate.com
818.661..4661

Based on information from California Regional Multiple Listing Service, Inc. as of September 27, 2022. 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.

Listing provided by
Mario Gattavara, Coldwell Banker Lifestyle Properties, Source: Local MLS