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Description

This value-add multifamily opportunity offers a rare chance to expand an existing six-unit property—comprised of three 2BR/1BA units, two 1BR/1BA units, and one studio—into a potential 12-unit asset with approved zoning in place. Situated on just under half an acre at the end of a quiet cul-de-sac, the property includes two buildings (four units in the main structure and two in the second) along with ample front and rear parking. Built in 1958, it provides both current income and significant upside through future development, making it an attractive investment for those looking to maximize rental yield and overall site value.

Listing Details

  • Cap Rate

    5.6%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Date Listed

    4/13/2026

Property Specifics

  • Property Name

    2499 Tuberose St

  • No of Buildings

    2

  • No of Stories

    2

  • No of Units

    6

  • Lot Size

    0.46 Ac

  • APN

    476-450-10-00