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Key Details
Sold Price $1,255,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID PW12127016
Year Built 1978
Tax Year 2011
Lot Size 8,189 Sqft
Property Description
Unique opportunity to own a TURNKEY SINGLE-TENANT bldg, yielding nearly 6% CAP, with minimal management requirements! ZERO VACANCY FOR THE PAST 10 YEARS! Also a great investment for absentee owners. High quality tenant has their own management team in place, and pays ALL utilities, landscaping, and some maintenance. Annual rental increases available. EXCELLENT RENTAL AREA, blocks to the beach, close to downtown business area, shopping, restaurants, schools & public transportation. 1978 construction, new (partial) roof & exterior paint in 2011. All unit interiors are well maintained with newer tile, carpet or wood vinyl plank flooring & new paint. Central laundry room (tenant owned laundry equipment). 6 garages with 2 covered spaces. Gated access to building & beautifully landscaped courtyard.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Heating Radiant
Cooling None
Laundry Laundry Room
Exterior
Parking Features Assigned
Garage Spaces 6.0
Garage Description 6.0
Community Features Street Lights, Sidewalks
Utilities Available Sewer Connected
Building
Lot Description Near Public Transit
Story 2
Sewer Sewer Tap Paid
Water Public
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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Bought with Tim Smith • Coldwell Banker Previews Inte
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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