SoldJan 9, 2020

Listed and Bought with Brice Head

Source: Combined LA Westside Multiple Listing Service, Inc #19521018

1401 Pacific Coast Highway, Los Angeles, CA, 90710

$1,699,000

Other

•

30+ days on the market

Sold: Jan 9, 2020

What's around 1401 Pacific Coast Highway

About this property

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!?!

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