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Apartments For Sale • 8,568 SF
| Seller Carry 5.50% Interest Only to Qualified Buyers / Protected from auto-reassessment after sale by the Mills Act. Property tax set at $22,325/YR. |
| Estimated saving under the Mills Act are $30,000 annually. In essence adding the income of an additional one-bedroom unit, with no expenses. |
| Attractive in-place offering actual CAP Rate of 4.69% With a ProForma CAP Rate of 5.63% |
| Three (3) two-story, two-bedroom, two-and-one half bathroom units (2B2.5B) + bonus room in master bedroom. |
| Tenants have access to offsite parking at the Marriott, with several additional local options available for more affordable solutions |
| Individually metered for all utilities. Water submetering is in place. Currently master-metered for water, 9 individual water meters in place. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 13 min | - | 9.0 mi |
| 17 min | - | 9.8 mi | |
| Transit/Subway | Drive | Walk | Distance |
| Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 4 min | 0.2 mi |
| Del Mar Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 13 min | 0.5 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 23 min | - | 16.5 mi |
| Los Angeles International | 39 min | - | 24.9 mi |
| Long Beach (Daugherty Field) | 41 min | - | 26.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |