Courtesy of: Krystyna Fennelly, eXp Realty, LLC, krystyna@bayareaeliteproperties.com
Courtesy of: Krystyna Fennelly, eXp Realty, LLC, krystyna@bayareaeliteproperties.com
$1,213,000
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2 bed
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1.00 Bath (1 Full)
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Single Family Residence
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$1,213,000
1914 Larrabee Street 1-12 Located in the charming lakefront community of Seabrook, this well-maintained 12-unit apartment complex presents a strong investment opportunity in a highly sought-after area. The property includes a mix of four 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom units—perfectly suited for a variety of tenants. All 2-bedroom units feature private, fenced backyards, offering additional outdoor living space—a rare find in multifamily properties. Each unit is equipped with energy-efficient double-pane windows, updated water heaters, and PEX plumbing. As well as 1 covered parking space per unit. 10 of the units have had their HVAC systems replaced within the last 4 years, significantly reducing ongoing maintenance costs. The complex features onsite laundry facility w/ 2 coin-operated washers & dryers. 3 year (2022-2024) NOI average=approx $64k with huge upside to turn into vacation rental, within walking distance to Clear Lake-watercraft rentals, waterfront restaurants & nightlife.
Courtesy of: Krystyna Fennelly, eXp Realty, LLC, krystyna@bayareaeliteproperties.com
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