Commercial property · 3 recorded sales since 2018
Listing Agent: Olga Wright (DRE #01315042) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-801-7373 · Bought with: Lidija Bacelic · Golden West Realty · MLS #SB26022429 · Source: CRMLS
Beautiful Pride-of-Ownership Property in PRIME Location!!! Charming courtyard-style apartment complex consisting of 8 residential units—6 one-bedroom units and 2 two-bedroom units—along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases). **Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations. The property has 6 private garages, additional on-site parking, and common laundry facilities. **Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management.
Listing description from the June 2026 sale, as reported to CRMLS.