Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1961
Sq.Footage
15,588
A rare, LARGE investment opportunity in irreplaceable "90266" - mere minutes to world famous sand and surf. The twelve 1 Bed units are ideal for the typically young, single renters in The Beach Cities, whereas the eight 2 Bed units and one 3 Bed unit appeal to couples and work-at-home renters. Additionally, the building has newer, dual-pane windows and copious parking with 21 enclosed garage spots - not that common in buildings closer to the sand. Also, this highly-accessible location near Aviation has wider appeal than units near The Strand - an approachable "beach" option for many renters means high occupancy, all the time. A friendly, 'community' vibe is highlighted by comfortable, landscaped common areas with umbrellas, tables and chairs. And walking distance to award-winning Mira Costa High School. High-demand units in an even higher-demand location means capital appreciation is nearly guaranteed, for a savvy Buyer. And on a potentially larger scale, the 21K sq. ft. lot allows for ADU additions and/or ground-up condo or townhome development nearby townhomes on Aviation Way have sold for almost $2,000,000 each.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.4866
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Covered
Financial
-
Sales Price
$10,999,999
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Brice Head , CBRE, Inc.
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