Located just 3 homes to "The Strand Prime Ocean View Income Opportunity on a Full 30 x 90 Lot. These four bright and spacious units rent easily due to the close proximity to the beach, the surf, and North End restaurants, retail and cafes. 3 units with 2 bedrooms and 1 bathroom each, plus a 4th unit with 1 bedroom and 1 bathroom. Each unit includes 1 garage space, 1 tandem driveway space (8 cars total), and separate electric and gas meters. The building currently generates $13,230/mo in combined income ($158,760 yearly), with big upside. Short term rental income could provide $31,576 monthly income ($378,918 yearly), yielding a 5.23% CAP rate. Inquire for comps & income schedule. Properties with this many units and such close proximity to the beach are rarely available at a price like this.
SB24058635
Single Family, Fourplex, Multi-Family, 2 Story
7
Los Angeles
4 Full
1954
0.0621
Acres
Public
2
Public Sewer
2,496
Sq. Ft.
Yes
- 4
spaces
School Information
Manhattan Unified
Bathrooms
4
Total:4
Detailed Room Information
- Bedroom(s)
- Main Level: 7, Total: 7
- Laundry
- None
Interior Features
- Cooling
- None
- Common Walls
- No Common Walls
- Entry Location
- 1
- Fireplaces
- None.
Exterior / Lot Features
- Parking
- 4 Garage Spaces. 8 Parking Spaces. 0 Covered Parking Spaces. Garage Faces Front,Garage Faces Rear.
- Pool Description
- None
- Lot View
- Ocean, Water
- Additional Exterior/Lot Features
- Street Level.
Financial Considerations
4137012055
Conventional, Submit
Loading...