Location, location, location! Coastal gems like this well-maintained trophy investment property don't come around often. Beautiful 6-unit building featuring coastline and ocean views, low-maintenance exterior, ideal unit mix and 5 garages with great income. Additional carport and on site laundry. Located just 1/2 block from Paseo Del Mar, Pt. Fermin Lighthouse and Korean Bell Park. Owners currently occupy 2 units, which will be vacant at the COE. The 3 bed, 2 bath owners unit (downstairs front) includes a private garage with separate laundry and is perfect for an owner occupant or new tenant at current market rate rent. Ideal for an owner occupant to live in and use rental income to subsidize the mortgage! Other units bring in solid income with real upside rent potential. Properties like this rarely become available and, with current low inventory levels, it's sure to go fast!
Listed By CRMLS_CA / Peter Hazdovac / Keller Williams Realty
Last checked:
Checking…
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Last updated Apr 14, 2023
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MLS# SB19239965 —
The Building
Year Built:
1965
Year Built Source:
Public Records
New Construction:
No
Construction Materials:
Stucco
Architectural Style:
Custom Built
Roof:
Composition
Accessibility Features:
None
Common Walls:
2+ Common Walls
Building Area Total:
6740.00
Building Area Units:
Square Feet
# of Buildings:
1
Total Number Of Units:
6
Stories Total:
2
# of Separate Gas Meters:
7
# of Separate Water Meters:
7
# of Separate Electric Meters:
7
Interior
Features:
Living Room Balcony, Open Floorplan, Storage, Tile Counters
Levels:
Two
Room Type:
Living Room
Fireplace:
No
Fireplace:
None
Laundry:
Common Area, Community, In Garage, Inside
Laundry:
1
Location
Directions:
Head south on Gaffey and before hitting Paseo Del Mar, building on left side
Latitude:
33.70756300
Longitude:
-118.29248700
The Property
Property Type:
Residential Income
Subtype:
Commercial/Residential
Zoning:
LAR2
Lot Features:
6-10 Units/Acre, Front Yard, Landscaped, Level with Street, Near Public Transit, Park Nearby
Lot Size Area:
5750.0000
Lot Size Acres:
0.1320
Lot Size SqFt:
5750.00
Lot Size Source:
Public Records
View:
1
View:
Coastline, Ocean, Park/Greenbelt, Water
Fencing:
Wood
Fence:
Yes
Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:
City Street
Road Surface Type:
Paved
Property Attached:
1
Additional Parcels:
No
Land Lease:
No
Listing Agent
Contact info:
No listing contact info available
Taxes
Tax Block:
8
Tax Census Tract:
2976.01
Tax Lot:
21
The Listing
Buyer's Brokerage Compensation:
2.500%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2.50
Parcel Number:
7467028021
Heating & Cooling
Heating:
1
Heating:
Wall Furnace
Cooling:
No
Cooling:
None
Utilities
Utilities:
Natural Gas Connected
Sewer:
Public Sewer
Electric:
Standard
Water Source:
Public
The Community
Senior Community:
No
Features:
Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
12/10/19
Dec 10, 2019
Sold
CRMLS_CA
$1,790,000
-10.5%
11/27/19
Nov 27, 2019
Pending
CRMLS_CA
$1,999,999
11/23/19
Nov 23, 2019
Sold Subject To Contingencies
CRMLS_CA
$1,999,999
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Multifamily
Sold
on 12/10/2019
$1,790,000
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Listing provided by broker:
Peter Hazdovac
Keller Williams Realty
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and Keller Williams Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of 11:11 on May 09.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.