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Listed by Lynn Lord • Estate Properties
$5,500,000
Est. payment /mo
8,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 8,550 sqft
Price per Sqft $643
MLS Listing ID CRPV25095628
HOA Y/N No
Year Built 1954
Lot Size 0.331 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Great price reduction on an exceptional opportunity to own a beautifully maintained gated income property in the heart of Malaga Cove! Just steps to the iconic Malaga Cove Library and charming Malaga Cove Plaza. Wide-open outdoor space with some ocean views. Four of the units have huge private patios with neighborhood and ocean views. Ten units in total, consisting of 6 two-bedroom one baths, 3 one-bedroom one bath, and 1 two-bedroom two bath owners' unit. Each unit has a one-car garage and one car parking space in front of the garage. The property has a good-sized community laundry room. The location is exceptional, with a scenic walking trail to the beach and the Hollywood Riviera. Excellent school district. Whether you choose to keep it as-is or renovate for premium market rents, this property offers strong income potential and excellent long-term upside.
Location
State CA
County Los Angeles
Interior
Heating Forced Air, Wall Furnace
Cooling None
Flooring Tile, Carpet
Fireplace No
Laundry Common Area
Exterior
View Other, Ocean
Building
Lot Description Other
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