Tomic Villas is an 18 unit apartment complex that consists of 15,400 rentable SF situated on a 17,947 SF lot with 18 parking spaces. The unit mix consists of (1) 2 Bedroom / 1 Bath house built in the 1950s, (12) 2 Bedroom / 1 Bath units, and (5) 1 Bedroom / 1 Bath units built in different stages of the 1960s as well as onsite laundry facilities with 3 washers and 2 dryers that are owned and a large storage room with plumbing. There is a grass backyard with a picnic table at the rear of the property. Ownership has made significant exterior and systems upgrades. The majority of sewer lines and all water supply lines have been replaced. The property has new windows, bathrooms have different levels of upgrades, and most units have tile and laminate flooring in the kitchens, baths, and living rooms. There is a water bill-back system in place. The property has spacious floorplans and offers an investor significant upside in rents in the burgeoning Rolando Village Neighborhood near the College East District. Listing Courtesy of South Coast Commercial, Inc.
Cal BRE# 01767484
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