Property Description

Rare Find in PRIME Ocean Park LOCATION! Charming building with great unit mix and opportunity to add value with future upside. Walk to the beach and Hip Main Street.
3 Bedroom unit built in 1982 & is not under rent control with a large patio. Beautiful open courtyard. Nice spacious units with hardwood floors, discount lots of storage & dining rooms. Individually metered including water heaters. Ideal for an owner user and/or investor to buy now in this high demand area.

Unit # Unit Mix Actual Rents

611 1 Bedroom – 1 Bath $ 2,042.00
611 ½ Single – 1 Bath $ 675.00
613 1 B611 Ocean Park Pic1ed + Den – 1 ¾ Bath $ 2,127.00
613 ½ 1 Bedroom – 1 Bath $ 2,400.00* Projected
2550 Beverly 3 Bedroom – 2 Bath $ 2,357.00
Laundry $ 30.00
Total Actual Monthly Income: $ 9,631.00
Total Actual Annual Income: $ 115,572.00
Annual Expenses: $ 21,618.00

Insurance: $7,822.05

($2934.94 Earthquake & $409.98 $1M Required Coverage by lender)

Gardener: $1,200.00

Utilities: (Water & Sewer) $5,700.91

Utilities (Electric): $ 773.07

Utilities (Gas): $ 221.60

Repairs & Maintenance: $5,900.00