$3,350,000
$3,399,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
5,706 Sqft Lot
SOLD DATE : 03/23/2016
Key Details
Sold Price $3,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB15254320
Sold Date 03/23/16
Construction Status Turnkey
HOA Y/N No
Year Built 1912
Lot Size 5,706 Sqft
Property Description
Excellent **INCOME OPPORTUNITY** Rooming House aka Concord Hotel. Historic and Iconic building dating back from 1912...
Concord Hotel is a rooming hotel with 24 studio rooms with baths and kitchens at end of hallway. Similar to a hostel or dorm, tenants have clean, furnished rooms and stay forever...some tenants have been there for 10,15, and 26 years. 4 blocks to the beach and walking distance to shops, restaurants and downtown. Great INCOME POTENTIAL! In addition to 24 rooms there is a 3 bdrm.,1 bath and kitchen and a 1 bdrm., 1 bath and kitchen for owners or manager or ?? **DRIVE BY ONLY**
Location
State CA
County Los Angeles
Area 141 - El Segundo
Zoning R3
Rooms
Other Rooms Shed(s)
Interior
Interior Features Multiple Staircases
Heating None
Cooling None
Flooring Carpet
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned
Fence Excellent Condition
Pool None
Community Features Suburban
Utilities Available Cable Available, Phone Connected, Sewer Available, Water Available
View Y/N No
View None
Total Parking Spaces 3
Private Pool No
Building
Lot Description Level, Street Level
Story Three Or More
Entry Level Three Or More
Architectural Style Cape Cod, Craftsman
Level or Stories Three Or More
Additional Building Shed(s)
Construction Status Turnkey
Others
Tax ID 4136023013
Security Features Resident Manager
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Lynn O'Neil • Shorewood Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "