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Listed by Mike Marcu • Mike Marcu, Broker
$ 1,320,000
Est. payment | /mo
$ 1,320,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,684 sqft
Price per Sqft $281
MLS Listing ID CROC24231665
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 5,941 Sqft
Property Sub-Type Other
Property Description
Starlight is a six-unit apartment community built in 1964. It offers an appealing mix of apartments: two studio units, three two-bedroom one-bath units, and one three-bedroom two-bath unit. Parking is secured at the rear of the property. The community has a full occupancy rate of 100% and enjoys reliable rent collections in a stable rental market. The Marker Cap Rate is in the 9% range. Residents benefit from quick access to major freeways, as well as proximity to schools, shopping centers, and restaurants. Additionally, the beautiful beaches of Torrance are only a 15-minute drive away.
Location
State CA
County Los Angeles
Interior
Heating Radiant
Fireplace No
Laundry Other
Building
Water Public
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