Description
Explore the potential of this mixed-use property located in the highly sought-after Belmont Heights, an ideal choice for an owner-user or investor. This unique lot features both commercial and residential spaces that are in turn-key/like new condition. The front unit, addressed as 4141, offers approximately 550 sq. ft. of office or retail space. Currently rented at $3,000 per month, there may be some market upside to this rent, it includes a main room, a full bath, a kitchenette, and two additional rooms. This unit can also be rezoned to residential with some city-mandated "egress" modifications.
The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $72,000 in 2023, which averages just under $6,000 per month. Both units combined generate an average rental income of $9,000 per month before expenses.
The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim's Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually.
Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations.
Property is also listerd under Commercial Sale MLS#SB24092079 for additional information.
Property Details
- Lot DescriptionCornerLot, CulDeSac, Landscaped, NearPark, NearPublicTransit, RectangularLot, SprinklersTimer, SprinklerSystem
- Stories1
Measurements
- Acres0.061
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1958
Utilities / Energy Details
- Utility FeaturesSewerConnected
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- Subdivision, Belmont Heights
Location
- CountyLos Angeles
Financial Details
- Original List Price$1,100,000
Other
- MLS #SB24093615
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Leonard LaRocca (#SLAROLEO)
Listing Office: Compass (#SB1379380)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
