Description
New price! first time for sale since original construction in 1987! this one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its original construction. spanning two contiguous lots, each with their own separate apns, the property covers an impressive 18,392 square foot lot with 17,582 square feet of rentable space, divided among 20 well-designed units. the unit mix includes: sixteen 2-bedroom/1.5-bath units, and four 1-bedroom/1-bath units, each designed to maximize space and tenant comfort.
residents benefit from a host of amenities including gated private entry, door entry intercom system, covered parking, dishwashers and stoves provided by the owner, an onsite laundry facility (one per building), and fire sprinkler system, enhancing the living experience and tenant retention rates. strategically located near manhattan beach, sofi stadium, and lax airport, the property offers unmatched convenience and accessibility, making it highly attractive to potential renters.
currently priced at 5.32% cap rate and 13grm based on current rental rates, investors will find significant value-add potential in rental income driven by the property’s prime location and robust amenities. this is an ideal opportunity for an investor seeking a substantial, well-maintained property with strong growth prospects in a competitive rental market.
Property Type
Residential IncomeSubdivision
FallbrookCounty
Los AngelesStyle
Residential IncomeAD ID
46730029
Sell a home like this and save $359,201 Find Out How
Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1987
- Building Area Total: 17,582
Pool Features
- None
Laundry Features
- Common Area,Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.4222
- Lot Size Source: Assessor
- Lot Size Square Feet: 18392
-
Listing Information
Listing Price Information
- Original List Price: 5,995,000
- Listing Contract Date: 2024-08-23
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 4043012019
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Closed
- Source Neighborhood: 109 - Ramona/Burleigh
- Directions: East of I-405, South of I-105; Near the Intersection of Hawthorne Blvd & 138th St
- Zoning: HAR3YY
- Source Property Type: Residential Income
- Area: 109 - Ramona/Burleigh
- Property SubType: Apartment
Building and Construction
- Property Age: 37
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
Statistics Bottom Ads 2
Sidebar Ads 1
Learn More about this Property
Sidebar Ads 2
Sidebar Ads 2
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
BuyOwner last updated this listing 12/20/2024 @ 15:26
- MLS: CV24175154
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is recently sold, it has 17,582 sqft, 18,392 sized lot, and 0 parking. are nearby neighborhoods.