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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23095237
Sold Date 08/25/23
Bedrooms 3
HOA Y/N No
Lot Size 5,000 Sqft
Property Description
NEW OPPORTUNITY !! BACK ON THE MARKET 7/27/23. What are you going to do to Maximize the Location and that Spectacular View ?? Great Pt. Fermin location within walking distance to Cabrillo Beach, Tidepools, the Korean Friendship Bell, Pt Fermin Park, the cliffs overlooking the ocean and is directly across the street from the Hey Rookie Pool. Unlimited Potential waiting for the Right Buyer. Could be a Teardown? Start Over and Showcase the Location and View or Update and Upgrade to make it a Jewel in the Neighborhood!!! Please know that the property does need some work including possibly the Foundation, Electrical Update, Plumbing Update plus Termite/Wood Repair. The studio apartment has the best views and is waiting for a quick remodel and new floors to get top dollar rents. The current rents on the other 2 units are low for the area but the tenants can be relocated and the units can be made available for current markets rents. The Possibilities and Opportunities are endless !!! Drive By and Take a Look !!!!
NEW OPPORTUNITY !! BACK ON THE MARKET 7/27/23. What are you going to do to Maximize the Location and that Spectacular View ?? Great Pt. Fermin location within walking distance to Cabrillo Beach, Tidepools, the Korean Friendship Bell, Pt Fermin Park, the cliffs overlooking the ocean and is directly across the street from the Hey Rookie Pool. Unlimited Potential waiting for the Right Buyer. Could be a Teardown? Start Over and Showcase the Location and View or Update and Upgrade to make it a Jewel in the Neighborhood!!! Please know that the property does need some work including possibly the Foundation, Electrical Update, Plumbing Update plus Termite/Wood Repair. The studio apartment has the best views and is waiting for a quick remodel and new floors to get top dollar rents. The current rents on the other 2 units are low for the area but the tenants can be relocated and the units can be made available for current markets rents. The Possibilities and Opportunities are endless !!! Drive By and Take a Look !!!!
Location
State CA
County Los Angeles
Area San Pedro (90731)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Level or Stories 1 Story
Others
Acceptable Financing Cash, Exchange
Space Rent $1,795
Listing Terms Cash, Exchange
Financing Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Karyn Sontag • Keller Williams OC Coastal Realty