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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
Garage Covered
Parking Type 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
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Bought with Benjamin Lester • Kape Property Management, Inc.
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692