$3,200,000
$3,535,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
8,550 Sqft Lot
SOLD DATE : 11/19/2024
Key Details
Sold Price $3,200,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24179431
Sold Date 11/19/24
HOA Y/N No
Year Built 1958
Lot Size 8,550 Sqft
Property Description
Priced to move...3 blocks from the Beach...6% Actual CAP Rate...25%+ upside! If your client is looking for a "Unicorn" building with a combination of Cash flow, Location, and a Clean property, this is the investment for them. The building includes (10) 1-bedroom units (750+/- sq. ft.), (1) 2-bedroom/1-bath unit, and (1) 2-bedroom/2-bath (owner's unit). Amenities include very large units, upgraded vinyl windows, on-site laundry, six garages (two with driveways), an electric gated entrance, and a 96 walk score! This rare coastal asset is NOT subject to rent control (other than CA) and is being offered for the first time in 26 years.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR1N
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Assigned, Driveway, Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Biking, Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7275018040
Energy Description 1200.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc