I have been working commercial and investments for over 10 years now. If investing, I can explain the types of investments that are out there for you. For instance, I can get you an 8% cap rate on a residential apartment 6 unit apartment building. Residential rents are SUPER hot right now while commercial rent is still recovering. Call me and we can further discuss.
Alex Cabrera, Broker - President/CEO (CDPE CSSA)
South Coast Realty Inc.
(Certified Distressed Property Expert)
(Certified Short Sale Agent)
Since the listing in Trulia does not even show a price, it is hard to say... I did not find an active listing in the database, but an expired listing from 2010 for $699K. The last closed sale for this property was in 2004 for $260K, as per public records.
If you are looking for a good commercial real estate investment, I'd suggest you work with a realtor who is experienced in commercial investments. A specialist will be able to help you find what you are looking for.
Coldwell Banker Residential Real Estate