Overview
About This Listing
Prestigious Capitol Mansions investment opportunity with historic charm and the peace of mind of all new infrastructure: HVAC, plumbing, electrical, foundation, and extensive interior renovations all completed in 2016-17. This pride of ownership asset consists of 2 residential structures, 2220 Capitol Ave. & 2221 Matsui Alley, with a primary 4 bed, 2.5 bath unit and three additional rental units that generated approximately $76,000 gross income in 2024. The primary unit at 2220 Capitol has retained its historic craftsman charm and hosts exquisite features such as pocket doors, a cozy breakfast nook, luxury kitchen, wine fridge, custom glass work, and stunning Lumens light fixtures throughout. The attached lower-level units include a studio and a 1bd/1ba unit with shared entryway & laundry room. These units may be used as income generating Airbnb’s, or as an office or in law quarters within the primary unit. The backyard provides a peaceful oasis with low maintenance landscaping, fountain, garden lighting, plenty of patio space, and access to 2221 Matsui Alley, a 3-car garage with a second story 1bd/1.5ba luxury ADU that generates very strong rental demand and income. This is a rare opportunity to live in luxury while using rental income to significantly offset your expenses.
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