Current Investment Target
115 Flournoy Ave in Daly City, CA 94014
More information and photos: DalyCityBroker.com Asking Price: $1,170,000 USD
Positive Highlights:
Near "Top-of-the-Hill", very close to San Francisco. Not located in a "rent controlled area". Functions as a multi-family property. Ideal for AirBnB as there are three seperate entrances. Plans and work were completed by professionals i.e. the majority of the additions are permitted.
Negative Points:
Garage conversion was not permitted. Each "apartment" / living area is occupied by different inviduals and families. Roof will likely need to be replaced soon.
Risk Mitigants:
Garage can be changed back to what it was originally: 2 car garage / tandem parking. Property can be delivered vacant or partially leased.