Condominium buy in Ironsides California

Seller may consider a carrying a 1st. Fully occupied Residential Reentry Center with a Strong Operator boasting a 7% Cap Rate based on current income. The offering is situated on a large double lot totaling 14,403 Sq. Ft. of CM-1VL Zoning with great future development potential. The Current Land Designation: is Hospitals, Convalescent Homes allowing many uses. The building has a large courtyard and has been recently updated with a pro style kitchen, washer and dryer hookups and a commercial fire alarm system. MLS® ID: 22211797 Listed: 10/23/22 Updated: 11/10/22 Interior Features Total Bedrooms: 14 Total Bathrooms: 8 Heating: None Exterior/Building Features Lot Size: 0.33 acres lot Other Property Details Area Name: 122 - Harbor Gateway Garage: No Parking: None View: N County: Los Angeles Pool: No Total Stories: 1 Zoning: LACM Property History Date Event Price Value 10/31/22 Price Change $2,200,000 -6% Courtesy of Marcus & Millichap, Jon Emrani, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 11/10/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.