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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 2,250,000

Est. payment | -/mo

8 Beds

7 Baths

4,285 SqFt

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$ 2,250,000

Est. payment | -/mo

Save Virtual Tour

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Gianluca Jacoli Shield CRE, Inc. #01938297

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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2107 Voorhees AVE Redondo Beach, CA 90278