Excellent mixed-use investment opportunity on Pacific Coast Highway offered at a 6% cap rate. The property features a two-story building with 11 residential units and 11 on-site parking spaces, providing stable residential income. Many of the residential units have been refreshed, enhancing rental value. The sale also includes 1561 W… Read More Pacific Coast Hwy, a separate 3-tenant storefront retail building with prime frontage on PCH. Strong in-place cash flow with diversified residential and commercial income in a high-traffic location. Read Less
Property listed by First Team Real Estate, Tim Ho 714-383-5342
Listing Snapshot
Days Online
6
Last Updated
Property Type
Apartment
Lot Size
0.2 Acres
Year Built
1949
MLS Number
PW26142888
Additional Details
Building
Built in 1949, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
Curbs
Expenses
Operating: $62,062
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $249,912, Net Operating Income: $182,215
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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