1401 PACIFIC COAST HIGHWAY Highway $1,699,000

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    1401 PACIFIC COAST HIGHWAY Highway Harbor City, CA 90710

    Closed
    SOLD 1/9/2020

    $1,699,000

    • 0 Beds
    • 0 Baths
    • 7,368 sq.ft.
    • MultiFamily
    • MLS# 19521018
    Favorite Share
    Views: 0 Days On Market: 9

    Property Details

    A highly-accessible and highly-visible location between Torrance and the 110 Freeway. A VALUE-ADD opportunity for a savvy investor with the added appeal of potential seller-financing. The property is made up of 7 apartment units and 3 retail/storefronts. The 3 retail/storefronts (Units 1,2, & 4) will be delivered vacant - the buyer can cherry pick the tenants a/o reconfigure the spaces, and name a desired rent for those spaces. In addition, 2 of the apartment units will be delivered vacant, as well. The Buyer will enjoy an immediate market rent in 5 of the 10 units soon after closing. The Seller recently put a new cool roof on ($27K), just repainted the exterior and is completing the 2nd floor decking now. Potential 9% cap upside! !

    • General Features
      • Net Operating Income 99409.00
      • Year Built 1963
      • County Los Angeles
      • Area Harbor City (124)
      • Total Units in Complex 10
      • Sold Terms Standard Sale
      • Special Conditions Standard Sale
      • Senior Community No
      • Adjusted Gross Income 140484.00
      • Total Annual Expense 41075.00
      • Gross Operating Imcome 143592.00
    • Building Features
      • Cooling Type None
      • Heating Type Wall Heater
      • Cooking Appliances Range
    • Room Features
      • Unit 1 Bedrooms 0
      • Unit 1 Bathrooms 0.0
      • Unit 2 Bedrooms 0
      • Unit 2 Bathrooms 0.0
      • Unit 3 Bedrooms 3
      • Unit 3 Bathrooms 2.0
      • Unit 4 Bedrooms 0
      • Unit 4 Bathrooms 0.0
      • Unit 5 Bedrooms 2
      • Unit 5 Bathrooms 1.0
    • Property Features
      • ParkingSpacesTotal 7
      • Lot Size Sq Ft 8,092
      • Parking Features Covered Parking

    Neighborhood

    90710 (Harbor City) Demographics

    36 Median Age
    11,858 Population Density (per sq. mile)
    34% College Educated
    $55,176 Estimated Median Income
    4,977 Estimated Total Home Owners
    4,099 Estimated Total Renters
    55% / 45% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    27,914 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $645,000 Median Sales Price
    2 Homes Sold
    1 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        1/9/2020 12:00:00 AM Sold Source New Value: $1,699,000
        12/2/2019 3:18:28 PM Status Changed Source New Value: Pending
        12/2/2019 3:16:46 PM Status Changed Source New Value: Pending

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