Property listed by Estate Properties, Lynn Lord 310-493-7016
$4,416,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
92
Last Updated
Property Type
Apartment
Lot Size
0.33 Acres
Year Built
1954
MLS Number
PV25095628
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Building
Built in 1954, 1 building, 2 stories, Levels: Two, Entry level: 2, Entry location: 2nd floor, Construction Materials: Stucco
Community
Sidewalks
Cooling
None
Expenses
Operating: $98,000
Fence
Brick
Fireplaces
None
Floors
Carpet, Tile
Garage
10 spaces
Heating
ForcedAir, WallFurnace
Home Owner's Association
Association Fee: $0, Amenities: CallForRules
Income
Gross ScheduledIncome: $328,620, Net Operating Income: $230,034
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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stevenmullins.com
March 15, 2026
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