This beach neighborhood 4-plex offers great rental income, upside -- and value. Generating $198,000 income annually, this garden style contemporary features numerous tenant "extras" including generous front deck/patio (see photos) extended upper back patio,gated four car parking, storage , and garden style landscaping. All units offer hardwood floors, contemporary fixtures and light bright ambiance all rents are based on month to month agreements. Building has been well managed with almost no deferred maintenance ,and with co-operative tenants. This a perfect property for family owner-occupants or boutique investors. Location is just a short distance to beach, google and globally famous abbot kinney shopping and dining.
The vacancy rate of homes in 90291 is
11.54% with 29.13% of homes being owner-occupied. The median household income in 90291 is $85544 per year with those between 25 and 44 having the highest median income at $93460.