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$1,498,800
Est. payment /mo
4,731 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,731 sqft
Price per Sqft $316
MLS Listing ID CRDW22136678
HOA Y/N No
Year Built 1965
Lot Size 5,586 Sqft
Acres 0.13
Property Sub-Type Comm Ind For Sale
Property Description
We are pleased to present the Sunset Apartments, a 6 unit apartment building in Harbor City in the South Bay submarket of Los Angeles. The unit mix consists of (1) Huge 3bd/2ba with attached direct entry 1-car garage, (3) Large 2bd/1ba, and (2) Studio/1ba units. This is an extremely rare opportunity as the building is being offered with the two largest units vacant and renovated! A new owner will be able to choose their own tenants and achieve market rent for these units starting on Day 1 and capitalize on the high rental demand in the area that has very low average vacancy and high rents. The other units offer huge rental upside as the units turn over the new owner will be able to achieve a 7.4% Market Cap Rate. This building benefits from the excellent central location within minutes between Redondo Beach, Palos Verdes, San Pedro port, and Long Beach. The 6 unit building next door (1652 Lomita Blvd) is also listed for sale (separate seller) and is a mirror copy of this building with identical unit mix. Here's your opportunity to purchase these side by side buildings in a strong rental market. Harbor City is a small suburb connecting Greater Los Angeles to the port cities of Wilmington and San Pedro. It borders affluent cities such as Rancho Palos Verdes, Rolling Hills, and Torr
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 7410018037
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Listed by Jennifer Avellan • Keller Williams SELA