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Extremely rare opportunity to own an 8 unit apartment in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. You can walk to 2nd Street for shopping and restaurants or the beach. This equates to a strong rental market. This property has 7 one bedroom/one bath units and 1 Studio/1 bath unit. It also has 6 coveted off-street parking spaces behind the property. Actual rents total $15,003 per month which equals a 14.4 GRM. Potential rents based on the average RentOmeter analysis equals $16,495 per month, for a 13.1 GRM. This could be a potential 10% increase over current rents.
Last Updated | 10/16/2024 | Tract | Belmont Shore (BSD) |
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Year Built | 1955 | Community | Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
County | Los Angeles |
Additional Details
AIR | None |
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AREA | Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
CONSTRUCTION | Stucco |
GARAGE | Assigned |
HOA DUES | 0 |
LOT | 4726 sq ft |
LOT DESCRIPTION | Yard |
PARKING | Assigned |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
STYLE | Contemporary |
SUBDIVISION | Belmont Shore (BSD) |
UTILITIES | Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected |
VIEW DESCRIPTION | None |
WATER | Public |
ZONING | LBR4R |
Location
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