11 units delivered vacant or occupied with single tenant. The current single tenant pays $27k/month and is responsible for most expenses. Most units have ocean views. Located across the street from the beach on PCH. Centrally located between Malibu, Pacific Palisades & Santa Monica. One of the rare 4.5% plus returns west of the 405. Includes three buildings with (9) residential units,(1)retail, (1) office. Units renovated in 2007: updated kitchens, baths, hardwood, appliances. Two contiguous parcels included in this offering (4410-012-001 / 4410-012-002) with Los Angeles C2 zoning. Los Angeles Rent Stabilization & Los Angeles Services. Walking distance to beach, restaurants, bars, coffee, parks & more. Buyer to verify all aspects of this offering including but not limited to square footage, market rents, number of units, development opportunity and rent stabilization. Assumable loan of $2,800,000 approximately and seller financing available.
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