Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
$1,195,000
This property presents an exciting investment opportunity with significant rental upside potential. This 7 unit apartment offers 4,102 square feet of comfortable living space on a spacious 4,500-square-foot lot. The property includes two charming 2-bedroom, 1-bath units along with four cozy studio units and a 1 bedroom unit, providing versatile… Read More rental options. Ideally located within walking distance of the Main Channel Waterfront, South Pacific Avenue retail and dining, and 22nd Street Park, it offers both convenience and lifestyle appeal. The owner is offering attractive seller carryback financing with just 35%down at a 4.5% interest-only rate for a 24-month term. This makes it a compelling cash-on-cash opportunity in one of LA's emerging beach communities, blending historical charm with tremendous growth potential. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
5
Square Ft.
4,102
Lot Size
0.1 Acres
Year Built
1912
MLS Number
25602433
30 Days Snapshot Of 90731
$895k
+6%
(avg) sold price
24
+4%
homes sold
76
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1912, Building area total: 4,102, Levels: Two, Living area: 4102, 2 stories, 2 buildings
Income
Gross income: $72,780, Net operating income: $42,180
Lot
0.1033 acres, 4,500 square feet, Size: 4,500
Parking
OnStreet
Property
Zoning: LARD1.5
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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.
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