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Listed by Lynn Lord • Estate Properties
$6,500,000
Est. payment /mo
8,550 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,550 sqft
Price per Sqft $760
MLS Listing ID PV-25095628
Style Traditional
Year Built 1954
Lot Size 0.331 Acres
Property Sub-Type Apartment
Property Description
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
Area 163 - Malaga Cove
Zoning PVRM*
Interior
Heating Wall Furnace, Forced Air
Cooling None
Flooring Carpet, Tile
Fireplaces Type None
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 10.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Available, Natural Gas Available
View Y/N Yes
View Ocean
Building
Lot Description Near Public Transit
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900