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Key Details
Sold Price $1,550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,405 sqft
Price per Sqft $351
MLS Listing ID SB19179472
Sold Date 12/05/19
HOA Y/N No
Year Built 1954
Lot Size 6,503 Sqft
Acres 0.1493
Property Description
Trophy investments like this don't come along every day! This 5 unit property with ocean views sits on a corner lot just one block from renowned Paseo Del Mar and is suitable for the investor or owner occupant. 2 units (2 beds/2 bath & 1 bed/1bath) currently occupied by the owner while the other 3 units have steady long-term tenants with plenty of upside on rents. Live by the ocean as an owner-occupant, instead of buying a house in the Palisades area, and use the rents to subsidize your mortgage. There are 2, 2 car garages offering alley access behind the property with ample parking on this one-way street. All units separately metered for gas and 4 electric meters, community laundry room with coin operated machines. New drought-tolerant landscaping recently completed. Drive by and check it out for yourself....this one won't last long!
Location
State CA
County Los Angeles
Area 180 - Palisades
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Radiant, Wall Furnace
Cooling None
Flooring Laminate, Tile, Wood
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Ocean, Peek-A-Boo
Roof Type Flat
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot, Drip Irrigation/Bubblers, Sprinklers In Front, Lawn, Landscaped
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7469022047
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Gary Krill • Keller Williams Realty
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