2-Unit Income Property in Rincon Valley — Great Value & Potential

2-Unit Income Property in Rincon Valley — Great Value & Potential

Here is your chance to purchase a strong duplex opportunity in a central Rincon Valley location. This single-level, two-unit property offers reliable income now with meaningful upside through updates and rent growth over time. One unit features 2 bedrooms / 1 bathroom, the other a 3 bedroom/ 2 bathroom both with a dedicated garage, and private outdoor space. Both tenants are currently on active leases, providing immediate rental income stability. The property is a true fixer and priced accordingly. It would benefit from interior and exterior updating, systems improvements, and cosmetic upgrades — ideal for investors, contractors, or 1031 exchange buyers looking to build equity and enhance long-term performance. Conveniently located with easy access to shopping, parks, schools, and public transportation. Positioned on Mission Blvd, offering strong rental demand and commuter convenience. A solid long-term hold with upside — bring your vision and unlock the potential.

• Single-story duplex, built 1974

• One 3BD/2BA unit + garage

• One 2BD/1BA unit + garage

• Both units leased – steady income

• Current rent: $4,496/mo | $53,952/yr

• Estimated NOI: $38,376/yr

• Cap Rate ~5.7% | Pro Forma ~7.3%

• Fixer — needs updating / improvements

• Central, convenient Rincon Valley location

• Close to parks, grocery, schools, and transit
• Great value-add / 1031 / investor opportunity