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301 and 311 S Cabrillo Ave are two 4plexes located on adjacent lots. SOLD TOGETHER. Flexibility in financing as an 8-unit with commercial loan or individually with residential loan. Property is located above Gaffey and offers panoramic, unobstructed ocean views from private balconies of all top level units. All units are very spacious 1 Bedroom 1 Bath with laundry room, extra closet and storage area. One of the top units is Vacant and is perfect for owner to occupy or rent at the top market rent. LOW expenses - separately metered for gas and electric; landlord is responsible only for DWP bill. Each unit has individual water heater and laundry room. There is a total of 9 garages in the separate structures with back alley access. Garages present a perfect opportunity for ADU conversion. There is a huge upside in rental income as units turn over. Prime location above Gaffey within proximity to various amenities and attractions and a short distance to the 110 Fwy.
Listing agent: Olga Wright DRE #01315042 olga@lyonstahl.com, Listing office: Lyon Stahl Investment Real Estate, Inc.
MLS data updated 11/1/2026, 7:28:28 AM PT
Source: CRMLS, MLS #: SB24023071
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Mar 28, 2024
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This home · nearest recorded event
$2,070,000Closed sale · Mar 28, 2024ZIP 90731 · Mar 2024
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.