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,… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Olga Wright 310-801-7373
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.19 Acres
Year Built
1964
MLS Number
SB26022408
Additional Details
Building
Built in 1964, 1 building, 2 stories, Entry level: 1, Entry location: 1
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
