$1,325,000
$1,379,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/08/2016
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB16188371
Sold Date 11/08/16
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1936
Property Description
Lovely bread n butter duplex, consisting of two charming detached, single family cottages on one large lot. Front home includes 2 bedrooms, 1 bath, a living room, dining room, kitchen, plus a private fenced front yard (perfect for pet owners) and a large mature treed back yard that is shared with detached neighboring cottage some 40 feet away. The rear cottage is really charming and consists of 1 bedroom, 1 bathroom, a dining room, living room and its own gated private back yard perfect for pet owner tenants.
Owners have always rented it out under market so room for improvement there. Perfect 1031 landing pad, for first time buyers who have a down payment but want subsidized mortgage payment help, or just a nice long term place to invest paying a significant premium over standard bank savings accounts. Live in the one bedroom and the existing rent on front unit two bedrooms covers approximately $850,000 in rent on interest only market rate loan. This little gem will not last.
Location
State CA
County Los Angeles
Area 147 - Manhattan Bch Mira Costa
Zoning MNRS
Rooms
Other Rooms Two On A Lot
Interior
Interior Features Ceiling Fan(s), All Bedrooms Down
Heating Wall Furnace
Cooling None
Flooring Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Oven, Gas Range
Laundry Washer Hookup, Inside
Exterior
Parking Features Unassigned
Garage Spaces 2.0
Carport Spaces 4
Garage Description 2.0
Fence Block, Wood
Pool None
Community Features Curbs, Street Lights, Suburban
Utilities Available Electricity Available, Sewer Available
Waterfront Description Ocean Side Of Freeway
View Y/N Yes
View Pool, Trees/Woods
Roof Type Composition
Accessibility Accessible Doors
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Front Yard, Garden, Gentle Sloping
Story One
Entry Level One
Water Public
Architectural Style Cottage
Level or Stories One
Additional Building Two On A Lot
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4164009025
Acceptable Financing Cash to New Loan, Conventional, Owner May Carry, Submit
Listing Terms Cash to New Loan, Conventional, Owner May Carry, Submit
Financing Other
Special Listing Condition Standard
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Bought with Edward Kaminsky • Strand Hill Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "