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$ 2,490,000
Est. payment | /mo
8,833 Sqft Lot
$ 2,490,000
Est. payment | /mo
8,833 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26105830
HOA Y/N No
Year Built 1949
Lot Size 8,833 Sqft
Property Sub-Type Mixed Use
Property Description
Major Price Reduction!!!!Excellent mixed-use investment opportunity on Pacific Coast Highway offered at a 7.32% cap rate. The property features a two-story building with 11 residential units and 11 on-site parking spaces, providing stable residential income. Many of the residential units have been refreshed, enhancing rental value. The sale also includes 1561 W Pacific Coast Hwy, a separate 3-tenant storefront retail building with prime frontage on PCH. Strong in-place cash flow with diversified residential and commercial income in a high-traffic location.
Location
State CA
County Los Angeles
Area 11 - Westside
Interior
Fireplace No
Laundry Common Area
Building
Lot Description 11-15 Units/Acre, Corner Lot
Story 2
Water Public
Others
Tax ID 7431035023
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Tim Ho First Team Real Estate 714-383-5342, DRE #01858362
NEARBY SCHOOLS & PROPERTIES
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