2635 Newton

The subject property is a 5 unit value-add apartment with irreplaceable craftsman charm and character, consisting of three 2 bed + 1bath and two 1 bed + 1bath units. The original front house was built in 1898 per assessor records and divided into units later. The upper 1bed + 1 bath has a loft feel with a private balcony and storage area. There is a total of 2,661 rentable SF on a 5,163 SF lot. The common-area features a paved courtyard with laundry, storage and an additional exterior bathroom. The two rear, 2-bedroom units offer alley access and off-street parking for 2 cars. Some recent improvements in some of the units include newer kitchen cabinets, countertops and flooring. The property is a significant “fixer”. It needs work to bring units and property to market levels. However, there is a significant upside in rents and the possibility for the property to be delivered vacant.