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$ 1,699,000
Est. payment | /mo
6 Beds
6 Baths
6,505 Sqft Lot
$ 1,699,000
Est. payment | /mo
6 Beds
6 Baths
6,505 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26192450
Bedrooms 6
Lot Size 6,505 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Location truly sets this exceptionally well-maintained five-unit property apart. Positioned on a beautifully landscaped corner lot just one short block from the ocean bluffs in San Pedros highly desirable Palisades neighborhood, the building offers a rare opportunity to own an income property in a premier coastal setting. Several units feature ocean views, while all residents enjoy refreshing afternoon breezes and the year-round coastal climate. The property includes a spacious ground-floor owners unit featuring two bedrooms, two bathrooms, a fireplace and peeks of the ocean. For an owner-occupant buyer, the seller will consider providing a credit at the close of escrow to help offset applicable tenant relocation costs. Major improvements completed in 2020 include a new roof, upgraded electrical panels, fresh exterior paint and refreshed landscaping. Parking includes four garage spaces plus off-street parking for two additional vehicles. With no residential units above the garages and a flat-roof configuration, the property may also offer potential to construct one or more ADUs above the garage area, creating an opportunity for additional income and long-term value (buyer to independently investigate and verify all development possibilities with the appropriate agencies). A community laundry room with coin-operated machines serves the residents. Remarkably, this five-unit coastal property is offered at a price below what some single-family homes are selling for in the surrounding areaan exceptional value for investors and owner-users alike. Located near bluff-top parks, coa
Location
State CA
County Los Angeles
Zoning Assessor
Direction Gaffey St to Paseo Del Mar to Almeria
Interior
Heating Radiant
Fireplace No
Exterior
View Y/N No
Roof Type Rolled/Hot Mop
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7469022047
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://moeryphotography.com/clients/GKrill/3644AlmeriaSt
Listed by Gary Krill, DRE#01086159 Compass
Nearby Locations
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