REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Joseph Nuzzolo • Thompson Team Real Estate, Inc.
$ 7,950,000
Est. payment | /mo
7,584 SqFt
$ 7,950,000
Est. payment | /mo
7,584 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,584 sqft
Price per Sqft $1,048
MLS Listing ID CRSB25228698
HOA Y/N No
Year Built 1951
Lot Size 0.345 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
This exceptional 11-unit apartment building is being offered for the first time in over 30 years and is located just one minute from the ocean in one of Southern California’s most prestigious and highly sought-after beach communities. The property features a balanced unit mix of 5 two-bedroom/one-bath units, 5 one-bedroom/one-bath units, and 1 studio unit, with all units occupied except the studio, ensuring strong and stable tenancy. Investors will appreciate 10 attached garage spaces with alley access, individually metered utilities for each unit, and the absence of city rent control, providing both efficiency and flexibility in operations. With a pro forma cap rate of approximately 3% and an unbeatable location that ensures consistent long-term demand, this asset presents a once-in-a-lifetime opportunity to acquire a generational trophy property in one of Southern California’s best-performing coastal markets.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry See Remarks
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
GET MORE INFORMATION
Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745