10285 Poulsen Avenue, Montclair, CA 91763
The SK Group is pleased to announce the successful sale of a new construction duplex located at 10285 Poulsen Ave, Montclair, CA. The 2018 construction consists of (2) detached 3Bed/2.5Bath units; each with its own private driveway, attached 2-car garage, and in-unit laundry.
Having been built in 2018, the property is not subject to any local or state rent control restrictions and with below market rents, this allows the new buyer to immediately add value by bringing the rents closer to market. As the original developer, the seller’s goal was to achieve the highest price possible as they had invested a lot of time and money into building the units from the ground up.
Due to our team’s expertise and knowledge, we were able to generate multiple offers at asking price and eventually close at that price despite both tenants testing positive for Covid-19 at different times. As there were multiple appraisal and inspections required, we were able to navigate through this tough hurdle while ensuring the safety of all parties involved and we were still able to close at asking price in less than 60 days.
Multiple offers generated at asking price
Navigated through positive Covid-19 test from tenants
25% below market rents
Two 3Bed/2.5Bath single-family style units on one parcel
No local or statewide rent control