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$ 2,250,000
Est. payment | /mo
8 Beds
7 Baths
4,285 SqFt
$ 2,250,000
Est. payment | /mo
8 Beds
7 Baths
4,285 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,285 sqft
Price per Sqft $525
MLS Listing ID 26997087
Bedrooms 8
HOA Y/N No
Year Built 1969
Lot Size 7,492 Sqft
Property Description
Rare North Redondo Beach four-unit building delivered 100% vacant at close of escrow, so a buyer can lease every unit at today's market rents from day one. The 4,285 SF building sits on a 7,492 SF lot and offers two 2bd/1.5ba townhouse-style units, a 2bd/1.5ba unit, and a 3bd/2ba unit with washer/dryer hookups (a large 2+den, with the den sized for use as a third bedroom). Every unit has private outdoor space: a patio at Unit A, a patio plus rooftop deck at Unit B, an extra-large patio at Unit C, and a large rooftop deck at Unit D. Six single-car garages. Scheduled as-is income of $152,400 per year ($12,700/month) at lease-up, a 4.66% cap rate and 14.76 GRM, with a 5.12% pro-forma cap and 13.79 pro-forma GRM (post renovation). No local rent control. Minutes to Manhattan Beach, Hermosa Beach, the beach and the South Bay Galleria, within the Redondo Beach Unified School District. Sold as-is.
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Zoning RBR-2
Interior
Fireplace No
Appliance Washer
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4155015016
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=RN2aKTNjCgP&brand=0
Listed by Gianluca Jacoli Shield CRE, Inc. #01938297
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