Great price reduction on an exceptional opportunity to own a beautifully maintained gated income property in the heart of Malaga Cove! Just steps to the iconic Malaga Cove Library and charming Malaga Cove Plaza. Wide-open outdoor space with some ocean views. Four of the units have huge private patios with neighborhood and ocean views. Ten units in total, consisting of 6 two-bedroom one baths, 3 one-bedroom one bath, and 1 two-bedroom two bath owners' unit. Each unit has a one-car garage and one car parking space in front of the garage. The property has a good-sized community laundry room. The location is exceptional, with a scenic walking trail to the beach and the Hollywood Riviera. Excellent school district.
Whether you choose to keep it as-is or renovate for premium market rents, this property offers strong income potential and excellent long-term upside.
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Listing Snapshot
Price
$5,500,000
Days On Site
82 Days
Bedrooms
N/A
Inside Area (SqFt)
8,550 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3308 Acres
Year Built
1954
MLS® Number
PV25095628
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
2 weeks ago
Price changed to $5,500,000
2 weeks ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.3308
Garage
Yes
Garage Spaces
10
Number Of Stories
2
Parking Spaces
10
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
8550
Stories
Two
Style
Traditional
Utilities
Electricity AvailableNatural Gas Available
Water Source
Public
Zoning
PVRM*
Interior Features
Fireplace Features
None
Flooring
CarpetTile
Heating
Forced AirWall Furnace
Laundry Features
Common Area
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Exterior Features
Construction Details
Stucco
Fencing
Brick
Lot Features
Near Public Transit
Pool Features
None
Road Frontage
City Street
Roof
Spanish Tile
Spa Features
None
View
NeighborhoodOcean
Waterview
NeighborhoodOcean
Community Features
Building Access
2nd floor
Community Features
Sidewalks
MLS Area
163 - Malaga Cove
Roads
Paved
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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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