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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,327,000

Est. payment - /mo

8,354 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26022408

HOA Y/N No

Year Built 1964

Lot Size 8,354 Sqft

Property Sub-Type Mixed Use

Property Description

Beautiful Pride-of-Ownership Property in PRIME Location!!!
Charming courtyard-style apartment complex consisting of 8 residential units—6 one-bedroom units and 2 two-bedroom units—along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases).

**Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations.
The property has 6 private garages, additional on-site parking, and common laundry facilities.
**Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management. SEE SUPPLEMENTS FOR RENT ROLL & LOAN QUOTE

Location

State CA

County Los Angeles

Area 183 - Vista Del Oro

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Biking, Curbs, Sidewalks, Park

Total Parking Spaces 7

Private Pool No

Building

Lot Description Corner Lot, Near Park, Walkstreet

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7454009001

Energy Description 2082.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Olga Wright Lyon Stahl Investment Real Estate, Inc. 310-801-7373, DRE #01315042

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918 S Cabrillo AVE San Pedro, CA 90731