366 Ilo Lane

Property Description

Great opportunity to live in Westside Danville with a short walk to the heart of downtown Danville. This property contains two units, both approximately 1200 sq. feet, all new exterior paint, large lot 12,632 sq. feet. If you occupy the beautiful move-in ready front unit 2 bedrooms, 1 bathroom, you can potentially subdivide the lot and sell the back unit separately under California SB 9. The state of CA has made this lot separation process easier because of the lack of housing. Contact the city of Danville, CA for all the requirements for SB 9. The front unit is light and bright with hardwood floors, 8-foot ceilings, arched doorways, new interior paint, and a large private backyard. The back unit is a 2 bedroom, 1.5 bath occupied by a good tenant who pays $36,000.00 per year ($3,000.00 a month with a month-to-month term) so that can help with your expenses. New flat top roof 11/2023. It is NOT in a high fire zone. Easy freeway access. For investors, the front unit always rents quickly, and market rent is about $4,000.00 per month. City will allow another detached ADU with all non-owner occupancy.

68 (Somewhat Walkable)