$1,895,000
$1,895,000
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2,178 Sqft Lot
SOLD DATE : 02/21/2020
Key Details
Sold Price $1,895,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Shore (Bsd)
MLS Listing ID SB19257633
Sold Date 02/21/20
HOA Y/N No
Year Built 1931
Lot Size 2,178 Sqft
Property Description
Totally Remodeled 5 unit building only steps from the sand in Belmont Shore! All units have been extensively renovated including kitchens, bathrooms, flooring, lighting, and finishes. Overall a beautifully restored 1930’s building full of character. Units newly leased at market rent, with no risk of rent rollbacks from AB 1482. Low maintenance building with separately metered gas and electric, and no landscaping. Strong income on in-place rents at 16.76 GRM, and makes the perfect 1031 exchange upleg!
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Zoning LBR4R
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Preserve/Public Land, Water Sports
Private Pool No
Building
Lot Description 2-5 Units/Acre, No Landscaping
Sewer Public Sewer
Water Other
New Construction No
Others
Senior Community No
Tax ID 7247021009
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Davin Emmons • HomeSmart, Evergreen Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "