Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1987
Sq.Footage
N/A
NEW PRICE! First time for sale since original construction in 1987! This one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its original construction. Spanning two contiguous lots, each with their own separate APNs, the property covers an impressive 18,392 square foot lot with 17,582 square feet of rentable space, divided among 20 well-designed units. The unit mix includes: sixteen 2-Bedroom/1.5-Bath units, and four 1-Bedroom/1-Bath units, each designed to maximize space and tenant comfort. Residents benefit from a host of amenities including gated private entry, door entry intercom system, covered parking, dishwashers and stoves provided by the owner, an onsite laundry facility (one per building), and fire sprinkler system, enhancing the living experience and tenant retention rates. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unmatched convenience and accessibility, making it highly attractive to potential renters. Currently priced at 5.32% CAP Rate and 13GRM based on current rental rates, investors will find significant value-add potential in rental income driven by the property’s prime location and robust amenities. This is an ideal opportunity for an investor seeking a substantial, well-maintained property with strong growth prospects in a competitive rental market.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
Exterior
-
Garage
No
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Size(acres)
0.4222
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$5,995,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Kristopher German , RE/MAX 2000 REALTY
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