Fourplex · 2 recorded sales since 2013
Listing Agent: Joseph Franklin (DRE #01936986) · Listing Office: Keller Williams Beach Cities · Contact: 310-939-9300 · Bought with: Sunny Choi · T.N.G. Real Estate Consultants · MLS #SB21006639 · Source: CRMLS
Four (4) units built in 1958 with five (5) enclosed garages. Offered at a 5.28% cap rate, this property delivers solid income from day one with additional rent upside. The units are above average in size, featuring a unit mix of three (3), 2 BR- 1BA's and one (1) very large, 2BR-2BA unit (approximately 1,526 sq. ft.). At $253/sq. ft., the property is offered below the average price/sq. ft. for recent comparable sales in the area. The property is professionally managed, well maintained, and several units have been upgraded in the last few years. There is a large fenced patio with a secure gate that is shared with the adjacent triplex. Close to nearby St. Emydius Catholic Church, schools, St Francis Medical Center and the popular Plaza Mexico Shopping Center. The building can be purchased together or separate from the adjacent triplex located at 3554 Brenton Ave MLS # SB21006380.
Listing description from the March 2021 sale, as reported to CRMLS.