3 buildings 24 or 48 units 15,148 square feet total first time on the market in 50 years lots of potential uses investors... Good cash flow and 5% cap rates with the current tenants investors #2... 10% cap rates by converting back to market rate housing investors #3... Convert to affordable condos to sell individually or make into live/work spaces... Over $3 million upside potential ymby (yes in my backyard)... Non profit groups convert to housing for disabled veterans, or other vital programs ymby #2... Potential to double the number of units to 48 studio apartments... Upstairs units can be adapted to have separate entrances... See the matterport tour for a sample of an upstairs studio company headquarters... High visibility location, excellent parking, campus like setting and immediate access to highway 101 make this an interesting option. A few numbers : $100,000 or $200,000 per unit 24 units (1 bedroom) or 48 units (studio apartments) possibly build more units 3 buildings about 5,000 square feet per building the asking price is $318 per square foot, which is way below what it would cost to build in today's market ok to drive around the buildings but, please do not enter buildings or disturb tenants