$3,400,000
$3,600,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 10/07/2024
Key Details
Sold Price $3,400,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24177205
Sold Date 10/07/24
HOA Y/N No
Year Built 1984
Lot Size 0.271 Acres
Property Description
We are proud to present our latest multifamily apartment available for sale, The Villa Cinisi Apartments. Located at 1144 South Palos Verdes Street in San Pedro, this outstanding investment opportunity overlooks the brand new, West Harbor redevelopment with stunning views of the port! Built in 1984, this investment is not subject to City of LA RSO, only State rent control laws! The fourteen units are all one bedroom units, and four of the units are larger and face the port, and will command a premium compared to other one bedroom units nearby. Property amenities feature balconies (all units), twenty two covered, secure parking spaces (which includes two, two car garages), and onsite laundry (leased). There are several small storage areas available for rent, and units have dishwashers! The immediate area in San Pedro is undergoing a renaissance, and residents all eagerly await the completion of the West Harbor Redevelopment, just a very brief walk away! West Harbor will include exciting new tenants such as Yamashiro Japanese Restaurant, Mike Hess Brewing, Mario's Butcher Shop, and several more! There will also be an immersive art gallery, an off-leash dog park, and many to-be-announced retail shops.
Location
State CA
County Los Angeles
Area 181 - Point Fermin
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Total Parking Spaces 4
Private Pool No
Building
Lot Description Street Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7456004023
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Todd Stein • Campbell Wellman Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "