UPDATED:
01/14/2025 01:06 AM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25001636
HOA Y/N No
Year Built 1970
Lot Size 0.344 Acres
Property Description
A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy.
Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 4.1% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 14 parking spaces consisting of tuck under and separate building all have storage.
This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Zoning RBR-2
Interior
Interior Features Balcony, Granite Counters, Storage, Solid Surface Counters
Cooling None
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range
Laundry Common Area, See Remarks
Exterior
Exterior Feature Brick Driveway
Parking Features Assigned, Covered, Driveway Level, Driveway, Garage, On Site, Workshop in Garage
Garage Spaces 18.0
Garage Description 18.0
Pool None
Community Features Curbs, Gutter(s), Street Lights
Utilities Available Cable Available, Electricity Available, Sewer Connected, See Remarks, Water Available, Water Connected
Accessibility None
Total Parking Spaces 18
Private Pool No
Building
Lot Description Landscaped, Level
Faces North
Story 3
Entry Level Three Or More,Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Three Or More, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4155006030
Energy Description 2834.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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