I have sold a property at 15156 VICTORIA AVE in White Rock.
Rare, Legal non conforming 4 plex converted to 5 units. There are 4 studios, 2 of them with lofts and 1, 2 bedrooms with 2 bathrooms. Each unit has its own Hydro meter. PANORAMIC OCEAN VIEWS. Older revenue building with steady rentals.Estimated cap rate is 3.8%. Great opportunity of a handyman to improve the value of the building and investment. The building could use some updating in order to obtain maximum revenue. As is, the bldg is bringing in about $41,400 per year. Very few legal multifamily bldgs left in the area. Fabulous location just 1 block to the White Rock Strip and Pier. Restaurants, entertainments etc. all within walking distance. The VIEWS are BREATHTAKING. Hold or build a fabulous VIEW HOME!