Kelly Okimoto, Nick Sadek Sotheby's International RealtyPhone: (916) 335-3185
Email: [email protected]
Email: [email protected]
We are pleased to present 6024-6030 Camellia Lane, a four-plex investment opportunity on a 0.19 acre parcel with three separate buildings. Each unit has a private driveway, and the two-story building has both a private driveway and a two-car garage. The complex consists of three - one bedroom/one-bathroom units and one - two bedroom/one-bath unit with garages. Each unit features gas stove, wall heat and air, plus spacious floorplans. All units are individually metered for gas and electric. All units have below market rents which should be increased annually and maximized upon turnover. In addition, the owner is currently paying all common area utilities where a new buyer will want to implement a Ratio Utility Billing System (RUBS) to bill back a portion of these charges to the residents. This has become a more common practice in California with charges ranging between $25-$75 per unit in addition to the residents' standard monthly rent.
