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Key Details
Sold Price $2,070,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24023071
Sold Date 03/28/24
HOA Y/N No
Year Built 1922
Lot Size 0.289 Acres
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
Area 187 - Holy Trinity
Zoning LARD2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Laundry Room
Exterior
Garage Door-Single, Garage, Garage Faces Rear
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Biking, Street Lights, Sidewalks, Urban
Parking Type Door-Single, Garage, Garage Faces Rear
Total Parking Spaces 9
Private Pool No
Building
Lot Description Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7451021025
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Private
Special Listing Condition Standard
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Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
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