128 Wood StCalifornia, PA 15419

Exceptional investment opportunity in California, Pennsylvania! This mixed-use property at 128 Wood St boasts 52 apartment units – a mix of studios, one, two, three, and four-bedroom apartments totaling 74 beds – and a 1600+ sq ft commercial space, previously occupied by Quiznos. The property enjoys a prime location, just blocks from PennWest California University and minutes from California Technology Park, providing access to a large pool of potential tenants. The building features recent renovations, both interior and exterior, and includes valuable amenities such as an on-site gym, coin-operated laundry facilities, and a large basement with potential for additional income-generating tenant storage. Safety features are in place, including sprinklers, security cameras, and fire alarms. An 18-space parking lot is also included. The property sits on a 0.285-acre lot and is zoned C2. Currently operating at 80% occupancy, the property generates a strong Net Operating Income (NOI) of $129,969, representing a 7.91% cap rate. The asking price is $1,400,000. Owner financing is available. Utilities include electricity, natural gas, sewer, and water. Virtual tours are available online.