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Flexibility
This well located duplex/triplex has lots of flexibility… for what you want it to be:
An unusual opportunity to have ... in Lafayette:
As All Rental
Two 2 bedroom, 1 bath duplex units + studio unit ($3,700 / month total rent)
As an Owner Occupant Opportunity
1) Your 2 bedroom, 1 bath, appx 1,000 sq ft “owner’s unit” with a huge deck
2) A rental studio ($750 / month rent) OR a separate unit for extended family
3) The other duplex “twin” unit, 2 bedroom, 1 bath, appx 1,000 sq ft as a rental ($1,500 / month rent)
In this scenario, you have $2,250 to help with the mortgage.
Both of the duplex units have hardwood floors, fireplaces, decks, enclosed garage parking, and lots of storage below.
“Owner’s Unit”
We call it the “Owner’s Unit” because it has kitchen updates and a huge deck that extends the living space to the outdoors. At appx 1,000 sq ft, it has built-ins in the living room and kitchen and currently rents for $1,450.
Studio
This is a cozy, compact, self-sufficient space on the lower level, with a private rear entry door. Rental income $750 / month. The property is zoned duplex but this studio has been rented separately for many years.
“Twin” Unit
The layout of the appx 1,000 sq ft “twin” duplex, with 2 bedrooms, 1 bath, is identical to the “owner’s unit”. The kitchen is not as updated as the “owner’s” unit, but that’s nothing that a trip to Home Depot wouldn’t fix. Rental income: $1,500 / month.
Exterior and Common Area
The architecture is 50’s contemporary, with a stucco finish. The lot is a gentle down slope, with the main entry a few steps down from street level. In the rear, there are 2 garages, dry parking areas under the huge deck, plus additional outdoor parking. There is also a common utility area with washer and dryer, and lawn / potential garden area. The location is close to the Lafayette Reservoir and downtown Lafayette. From Mt. Diablo Blvd, take Village Center to Sundale, and right on Sundale.
Notes
Buyer to co-operate in a 1031 exchange … at no cost to buyer
Square footage is approximate: To be verified.
The UNITS are fullly OCCUPIED. Please DO NOT DISTURB TENANTS. Call Robert Piechuta, 510-205-4011, to arrange for a visit. Serious buyers only.
Schools
Lafayette Elementary, Stanley Intermediate, Acalanes High School
Offered at $859,000
Contact Robert Piechuta at 510-205-4011 for more information
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