618 W Mission St

Desirable California cottage plus guest house at a prime downtown location. Both cottages are thoroughly and tastefully remodeled with new kitchens, bathrooms, appliances and more. This is a wonderful rental investment opportunity, or if you prefer, a move-in ready home with a multipurpose living space that can be used for additional income to offset the mortgage. The main two-bed, one-bath home showcases refurbished original hardwood floors, a bright and open floor plan encompassing the kitchen, dining and living areas, with updated lighting and electrical. The one bedroom one bath guest cottage is a detached private space, superbly finished with vaulted ceilings. The main home has a projected income of $2800/mo while the guest cottage is $2000/mo with a total projected cap rate of 5.37%