Property · 2 recorded sales since 2024
Listing Agent: Pat Swanson (DRE #01382974) · Listing Office: Pat Swanson · Contact: 213-864-2862 · Bought with: Anthony Walker · Buckingham Investments, Inc · MLS #OC24129394 · Source: CRMLS
Prime Coastal Investment Opportunity Just three blocks from the beach, this 12-unit complex on 3rd St. boasts an impressive walk score of 96! On the market for the first time in 26 years, this well-maintained building features ten 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one 2-bedroom/2-bathroom unit ideal for an owner's residence. Recently upgraded with vinyl windows, the property also includes on-site laundry facilities, six garages (two with driveways), and a secure, gated entrance. With over 25% upside potential, this property represents a rare chance to acquire a coastal asset with minimal rent control restrictions (limited to CA state laws). Don't miss out on this exceptional investment opportunity!
Listing description from the December 2024 sale, as reported to CRMLS.