Building has 2 story portion that contains 3 units and an attached warehouse that has official designation as live-work space, which creates the 4th unit. Significant improvements over the years to upgrade the front 3 units (2 loft-style spaces and one 3-bed unit). Upstairs 3-bed unit has tall ceilings,… Read More hardwood floors, large updated kitchen and updated bath. Two loft-style units on first floor also have tall ceilings, updated kitchen and baths. Foundation was rebuilt in 2002 along with upgraded electrical service for all 4 units. No galvanized pipe, knob/tube wiring or old breakers. Warehouse was converted to Live/Work space and boasts over 2,100 sq feet, new kitchen and new bathrooms along with roll-up door and three historic large lockers with thick walls that can be great workspaces. Long back wall of warehouse was upgraded with foundation bolts, shear, and new siding. Both roofs were replaced within the last 6 years along with 2025 repairs to flat roof. Excellent cash flow as investment property or defraying expenses for owner-occupant. Strong CAP rate of 7.9% and GRM of 8.2 representing serious cash flow out of the gate. Read Less
Property listed by Red Oak Realty, Jeffrey Rosenbloom 310-259-7556
Listing Snapshot
Days Online
15
Last Updated
Property Type
Quadruplex
Lot Size
0.08 Acres
Year Built
1899
MLS Number
41126987
Additional Details
Appliances & Equipment
ElectricWaterHeater, Dryer, Washer
Building
Built in 1899, Construction Materials: Stucco
Disclosures
RentControl
Expenses
Insurance: $6,960
Floors
Concrete, Wood
Heating
NaturalGas, WallFurnace
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: $73,476
Lot
0.0795 acres
Parking
1 total parking spaces, OnStreet
Property
CityLights
Roof
Shingle
Sewer
PublicSewer
Taxes
Parcel Number: 761211
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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