$9,050,000
$10,999,999
17.7%For more information regarding the value of a property, please contact us for a free consultation.
22 Baths
15,588 SqFt
SOLD DATE : 09/22/2023
Key Details
Sold Price $9,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,588 sqft
Price per Sqft $580
MLS Listing ID 23270747
Sold Date 09/22/23
HOA Y/N No
Year Built 1961
Lot Size 0.487 Acres
Lot Dimensions Assessor
Property Description
A rare, LARGE investment opportunity in irreplaceable "90266" - mere minutes to world famous sand and surf. The twelve 1 Bed units are ideal for the typically young, single renters in The Beach Cities, whereas the eight 2 Bed units and one 3 Bed unit appeal to couples and work-at-home renters. Additionally, the building has newer, dual-pane windows and copious parking with 21 enclosed garage spots - not that common in buildings closer to the sand. Also, this highly-accessible location near Aviation has wider appeal than units near The Strand - an approachable "beach" option for many renters means high occupancy, all the time. A friendly, 'community' vibe is highlighted by comfortable, landscaped common areas with umbrellas, tables and chairs. And walking distance to award-winning Mira Costa High School. High-demand units in an even higher-demand location means capital appreciation is nearly guaranteed, for a savvy Buyer. And on a potentially larger scale, the 21K sq. ft. lot allows for ADU additions and/or ground-up condo or townhome development nearby townhomes on Aviation Way have sold for almost $2,000,000 each.
Location
State CA
County Los Angeles
Area 147 - Manhattan Bch Mira Costa
Zoning MNRH
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 21
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4163009027
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Benjamin Lester • Kape Property Management, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "