6,503 Sqft Lot
6,503 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26192450
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1954
Lot Size 6,503 Sqft
Property Sub-Type Apartment
Property Description
The property includes a spacious ground-floor owner's unit featuring two bedrooms, two bathrooms, a fireplace and peeks of the ocean. For an owner-occupant buyer, the seller will consider providing a credit at the close of escrow to help offset applicable tenant relocation costs. Major improvements completed in 2020 include a new roof, upgraded electrical panels, fresh exterior paint and refreshed landscaping. Parking includes four garage spaces plus off-street parking for two additional vehicles. With no residential units above the garages and a flat-roof configuration, the property may also offer potential to construct one or more ADUs above the garage area, creating an opportunity for additional income and long-term value (buyer to independently investigate and verify all development possibilities with the appropriate agencies). A community laundry room with coin-operated machines serves the residents. Remarkably, this five-unit coastal property is offered at a price below what some single-family homes are selling for in the surrounding area—an exceptional value for investors and owner-users alike. Located near bluff-top parks, coastal walking trails and nature preserves, this is an outstanding opportunity to acquire a legacy property in a setting that would command a substantial premium in many neighboring beach communities. Drive by and explore the neighborhood to fully appreciate just how special this coastal location is.
Location
State CA
County Los Angeles
Area 180 - Palisades
Zoning LAR1
Interior
Heating Radiant, Wall Furnace
Cooling None
Flooring Carpet, Tile
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area, See Remarks
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Preserve/Public Land, Sidewalks, Water Sports, Park
View Y/N Yes
View Ocean
Roof Type Rolled/Hot Mop
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot, Landscaped, Near Park
Faces West
Story 2
Sewer Public Sewer
Water Public
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 7469022047
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
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