Description
Pleased to present the Starlite Apartments, a 6 unit apartment building in Harbor City in the excellent LA submarket of the South Bay. The unit mix consists of (1)Huge 3bd/2ba with attached 1-car garage with direct entry, (3) 2bd/1ba, and (2) Studio/1ba units. Long term tenants huge 45% Upside in Rental Income - 8.07% Proforma CAP Rate and 9.28 Proforma GRM. Soft-story retrofit already completed. Great location within minutes to Pacific Coast Highway and neighboring Rolling Hills Estates and Palos Verdes Estates. Also near abundance of employment opportunities in Long Beach, San Pedro and Wilmington Ports. Also within short drive to Redondo Beach, Manhattan Beach and Rancho Palos Verdes. The 6 unit building next door which has an identical unit mix is available separately. Both buildings area all electric buildings with no gas utility. Drive by only, do not disturb the tenants. Offer subject to inspection.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Pleased to present the Starlite Apartments, a 6 unit apartment building in Harbor City in the excellent LA submarket of the South Bay. The unit mix consists of (1)Huge 3bd/2ba with attached 1-car garage with direct entry, (3) 2bd/1ba, and (2) Studio/1ba units. Long term tenants huge 45% Upside in Rental Income - 8.07% Proforma CAP Rate and 9.28 Proforma GRM. Soft-story retrofit already completed. Great location within minutes to Pacific Coast Highway and neighboring Rolling Hills Estates and Palos Verdes Estates. Also near abundance of employment opportunities in Long Beach, San Pedro and Wilmington Ports. Also within short drive to Redondo Beach, Manhattan Beach and Rancho Palos Verdes. The 6 unit building next door which has an identical unit mix is available separately. Both buildings area all electric buildings with no gas utility. Drive by only, do not disturb the tenants. Offer subject to inspection.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-15T23:27:38.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.