Active
$6,200,000
5%
10 Units
5 Beds
4 Baths
8,550 Area(sq.ft.)
Lot: 14,409 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 2 | 1 | No | $ 11,625 | $ 11,625 | $ 16,800 |
| Unit 2 | 1 | 2 | 2 | No | $ 2,505 | $ 2,505 | $ 3,400 |
| Unit 3 | 3 | 1 | 1 | No | $ 5,650 | $ 5,650 | $ 6,000 |
| 10 | 17 | 11 | $ 89,205 | $ 89,205 | $ 122,200 |
| MLS #: | PV25095628MR |
| Days On Market: | 219 |
| Listing Date: | April 30, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 725 |
| Price per unit: | $ 620,000 |
| Year Built: | 1954 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 230,034 |
| Cap Rate: | 3.5% |
| Gross Rent Multiplier: | 19.00 |
| Actual Gross Rent: | $ 19,780 |
Structure
| Community Features: | Sidewalks |
| Style: | Traditional |
| Sewer: | Public Sewer |
| View Description: | Ocean |
| Water: | Public |
Land & Parking
| Zoning: | PVRM* |
| Land Lease Type: | Fee |
| Total Parking: | 10 |
Interior
| AC/Cooling: | None |
| Heating: | Forced Air, Wall |
| Fireplace Rooms: | None |
| Laundry: | Community |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Spanish Tile |
| Spa: | No |
Detailed Map
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Income
