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$ 1,480,000
Est. payment | /mo
2 Beds
2 Baths
5,901 Sqft Lot
$ 1,480,000
Est. payment | /mo
2 Beds
2 Baths
5,901 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26101504
Bedrooms 2
Lot Size 5,901 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
First time on the market in 37 years! This 8-unit apartment complex offers investors a classic bread-and-butter income property in a strong rental location near Kaiser Permanente South Bay Medical Center and adjacent to the desirable, affluent South Bay communities of Lomita and Rancho Palos Verdes. The propertys strategic location provides consistent rental demand with easy access to major freeways, beaches, shopping, dining, and major employment centers throughout the South Bay and Harbor Area. The property features an optimal mix of one- and two-bedroom units with substantial, nearly 45% upside in rental income as units turn over. Additional features include on-site laundry with leased equipment and open parking in the rear of the building.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East of Western Ave on Lomita Blvd, West of Fwy 110
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7439025024
Listed by Olga Wright, DRE#01315042 Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "