The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.
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The fact that it’s over 30 years old would make me a little apprehensive about maintenance, and with the high HOA there wouldn’t be much profit. I would consider it at the 1999 price ($69k), though.