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$3,399,000
Est. payment /mo
7,908 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,908 sqft
Price per Sqft $429
MLS Listing ID CL25560163
HOA Y/N No
Year Built 1928
Lot Size 0.436 Acres
Acres 0.44
Property Sub-Type Other
Property Description
BEAUTIFUL VISTA DEL ORO LOCATION, waaaay up the hill, near Palos Verdes.Unparalleled "view" potential for a Builder.Unique, large, highly elevated, 19K square foot street-to-alley lot, affording a builder 12 condo or townhome potential with unobstructed views of the harbor, LA Basin and beyond. Maybe even more than 12. Zoning is LARD1.5. Buyer to verify. Currently, it's 12 charming, Spanish, bungalow-style units with tons of "old-school" charm - coved ceilings, arched doorways, original, resurfaced hardwood floors, walk-in closets, tile kitchens and baths.and a utility room with washer/dryer hookups in every unit. Mature, king palm trees line the walkways, around a water feature. The roofs were recently replaced, garage doors, also.The $150MM, 42 acre, West Harbor aka "Waterfront Redevelopment" and 35 acre AltaSea Science Center make San Pedro one of LA's most dynamic investment markets. And of course, it's home to one of LA County's largest employers, The Port of LA. An already-stable renting base that is only getting stronger.ASSUMABLE LOAN:80+% LTV assumable note of $2,770,000 at 4.65% Interest-Only. Principal paydown amounts of $100K each May and December. Due Feb 2033.*SELLER WILL LIKELY ALLOW "CASH-FOR-KEYS" DIALOGUE WITH THE TENANTS DURING ESCROW.EXCLUSIVELY LISTED AT $3,3
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 7458004015
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Listed by Brice Head • CBRE, Inc.
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