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$ 3,495,000
Est. payment | /mo
10 Beds
8 Baths
4,784 SqFt
$ 3,495,000
Est. payment | /mo
10 Beds
8 Baths
4,784 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,784 sqft
Price per Sqft $730
MLS Listing ID 26868125
Bedrooms 10
HOA Y/N No
Year Built 1956
Lot Size 8,746 Sqft
Property Description
Prime Hollywood Riviera Location: 6-unit apartment located just two blocks from Torrance Beach, the Pacific Ocean, and within a few blocks of Riviera Village. Recent Capital Improvements: All new electrical panels and wiring (2025), updated plumbing drains (2024), and recent exterior and landscaping improvements. Outstanding Unit Mix: Comprised of (2) 2-bedroom/2-bathroom units, (2) 2-bedroom/1-bathroom units, and (2) 1-bedroom/1-bathroom units, with one of the 2-bedroom units delivered vacant. Desirable Property Amenities: Individual hot water heaters for each unit, six carport parking spaces, and a spacious, landscaped common area front yard. Large 8,747-SF Lot: Expansive parcel offering desirable ADU potential (Buyer to Verify). Strong Value-Add Opportunity: Rents are approximately 40% below market, equating to a 5.26% pro-forma cap rate and 13.67 pro-forma GRM, making this an ideal owner-user or long-term investment opportunity with no local rent control (AB 1482 only).
Location
State CA
County Los Angeles
Area 128 - Hollywood Riviera
Zoning TORR-MD
Interior
Fireplace No
Exterior
Parking Features Covered, Carport
Carport Spaces 6
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7511019022
Special Listing Condition Standard
Listed by Jonathan Nikfarjam Shield CRE, Inc. #01856803