$1,200,000
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SOLD DATE : 06/03/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22062727
Sold Date 06/03/22
HOA Y/N No
Year Built 1962
Property Description
Large 4-unit apartment building only blocks from Cabrillo Marina and the beach. Great unit mix with 100% large 2-bedroom, 1-bathroom units. Huge 52% upside in rents to a 11.36 GRM and a 5.4% cap rate on market rents. Off-street tuck under parking for 4 cars. Not subject to city of LA soft story retrofit program. Excellent Vista Del Oro location, blocks away from multi-million dollar LA Waterfront Redevelopment, booming downtown San Pedro, Cabrillo Marina, Angel's Gate Park, and the beach. Quiet residential street in a dense, low-vacancy market.
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Covered
Garage Spaces 4.0
Carport Spaces 3
Garage Description 4.0
Pool None
Community Features Urban
Total Parking Spaces 7
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7462021022
Energy Description 720.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Samir Rai Keystone Realty Group
johnherkenrath@epiquerealty.com
<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>