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!
Sold for $3,200,000
Zillow last checked:
Listing updated:
Bought with:
Anthony Walker, DRE #01908153
Buckingham Investments, Inc
Source: CRMLS,MLS#: OC24129394
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 12/19/2024 | Sold | $3,200,000-9.5%$341/sqft |
Source:  CRMLS #OC24129394 Report a problem | ||
| 11/1/2024 | Pending sale | $3,535,000$377/sqft |
Source: CRMLS #OC24179431 Report a problem | ||
| 8/31/2024 | Listed for sale | $3,535,000$377/sqft |
Source: CRMLS #OC24179431 Report a problem | ||
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Estimated market value
$3,545,500
