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Key Details
Sold Price $1,255,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,203 sqft
Price per Sqft $241
Subdivision Belmont Heights (Bh)
MLS Listing ID PW12127016
Sold Date 12/03/12
Construction Status Turnkey
HOA Y/N No
Year Built 1978
Tax Year 2011
Lot Size 8,189 Sqft
Acres 0.188
Property Description
Unique opportunity to own a TURNKEY SINGLE-TENANT bldg, yielding nearly 6% CAP, with minimal management requirements! ZERO VACANCY FOR THE PAST 10 YEARS! Also a great investment for absentee owners. High quality tenant has their own management team in place, and pays ALL utilities, landscaping, and some maintenance. Annual rental increases available. EXCELLENT RENTAL AREA, blocks to the beach, close to downtown business area, shopping, restaurants, schools & public transportation. 1978 construction, new (partial) roof & exterior paint in 2011. All unit interiors are well maintained with newer tile, carpet or wood vinyl plank flooring & new paint. Central laundry room (tenant owned laundry equipment). 6 garages with 2 covered spaces. Gated access to building & beautifully landscaped courtyard.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Heating Radiant
Cooling None
Fireplace No
Laundry Laundry Room
Exterior
Garage Assigned
Garage Spaces 6.0
Carport Spaces 2
Garage Description 6.0
Community Features Street Lights, Sidewalks
Utilities Available Sewer Connected
Parking Type Assigned
Total Parking Spaces 8
Building
Lot Description Near Public Transit
Story 2
Sewer Sewer Tap Paid
Water Public
Construction Status Turnkey
Others
Senior Community No
Tax ID 7263007020
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Tim Smith • Coldwell Banker Previews Inte
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