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… Read More (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. Read Less
Property listed by Pat Swanson, Pat Swanson 213-864-2862
Listing Snapshot
Days Online
16
Last Updated
Property Type
Apartment
Lot Size
0.2 Acres
Year Built
1958
MLS Number
OC24179431
Additional Details
Building
Built in 1958, Building area total: 9,378, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: Item2CommonWalls
Community
Biking, Sidewalks
Expenses
Electric expense: $600, Fuel expense: $1,200, Insurance expense: $9,378, Operating expense: $70,820, Trash expense: $1,350, Water sewer expense: $1,700
Garage
6 spaces
Income
Gross income: $291,600, Net operating income: $212,032
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
