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$2,600,000
Est. payment /mo
4,726 Sqft Lot
UPDATED:
12/17/2024 07:11 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPW24212887
Style Contemporary
Originating Board California Regional MLS
Year Built 1955
Lot Size 4,726 Sqft
Property Description
Extremely rare opportunity to own an 8 unit apartment in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. You can walk to 2nd Street for shopping and restaurants or the beach. This equates to a strong rental market. This property has 7 one bedroom/one bath units and 1 Studio/1 bath unit. It also has 6 coveted off-street parking spaces behind the property. Actual rents total $15,003 per month which equals a 14.4 GRM. Potential rents based on the average RentOmeter analysis equals $16,495 per month, for a 13.1 GRM. This could be a potential 10% increase over current rents.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Interior
Cooling None
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces
Garage Spaces 6.0
Pool None
View None
Roof Type Flat / Low Pitch
Building
Water District - Public
Architectural Style Contemporary
Others
Tax ID 7256037016
Special Listing Condition Not Applicable
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Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033