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Key Details
Sold Price $1,575,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Zaferia
MLS Listing ID SR25098606
Sold Date 06/18/25
Construction Status Additions/Alterations,Repairs Cosmetic,Updated/Remodeled
HOA Y/N No
Year Built 1964
Lot Size 5,993 Sqft
Property Sub-Type Apartment
Property Description
CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating high income, located just minutes from the beach. The 4 units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450 per month. Unit #2: 3 Bed 2 Bath, pays $3100 per month. Unit #3: 2 Bed 1 Bath, pays $2400 per month. Unit #4: 2 Bed 1 Bath, pays $2200 per month. Rent totals include income generated from laundry room. Less than a 10-minute drive to the shoreline, this property offers convenience, great rental income, and modern living. All units are currently occupied and generating strong rental income at market rates, making it an ideal investment with immediate cash flow potential. The property has been well cared for, with all units in excellent condition. The detached 3 bed, 2 bath unit comes with its own private yard, perfect for added privacy and outdoor enjoyment. Tenants will also appreciate the ample parking, with a total of 6 parking spaces available. The lot also has additional space to put storage units which can be rented out to tenants for additional monthly income. Whether you're looking to expand your investment portfolio or secure a high-demand rental property in a desirable location, this multi-unit gem checks all the boxes. Don't miss out on this rare opportunity!
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBCNR
Interior
Interior Features Unfurnished, Bedroom on Main Level, Walk-In Closet(s)
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Cooktop, Gas Range, Water Heater
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned, Concrete, Paved, Private, One Space
Fence Wrought Iron
Pool None
Community Features Curbs
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Additions/Alterations,Repairs Cosmetic,Updated/Remodeled
Others
Senior Community No
Tax ID 7261006024
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1050.0
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac, Submit
Financing Private
Special Listing Condition Standard
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Bought with Trudy Kalucea • Keller Williams Coastal Prop.