$2,070,000
$2,200,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
SOLD DATE : 03/28/2024
Key Details
Sold Price $2,070,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24023071
Sold Date 03/28/24
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
301 and 311 S Cabrillo Ave are two 4plexes located on adjacent lots. SOLD TOGETHER. Flexibility in financing as an 8-unit with commercial loan or individually with residential loan. Property is located above Gaffey and offers panoramic, unobstructed ocean views from private balconies of all top level units. All units are very spacious 1 Bedroom 1 Bath with laundry room, extra closet and storage area. One of the top units is Vacant and is perfect for owner to occupy or rent at the top market rent. LOW expenses - separately metered for gas and electric; landlord is responsible only for DWP bill. Each unit has individual water heater and laundry room. There is a total of 9 garages in the separate structures with back alley access. Garages present a perfect opportunity for ADU conversion. There is a huge upside in rental income as units turn over. Prime location above Gaffey within proximity to various amenities and attractions and a short distance to the 110 Fwy.
Location
State CA
County Los Angeles
Zoning Assessor
Direction West of Gaffey; Corner of Cabrillo Ave and 3rd St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
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Bought with Olga Wright Lyon Stahl Investment Real Estate, Inc.
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