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Kit Jin

kit@jinshomegroup.com +1(949) 688-3629

$ 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. Projected market rents of $13,600/month ($163,200/year) support a 5.12% cap rate and 13.79 GRM at the list price. 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

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Listed by Gianluca Jacoli Shield CRE, Inc. #01938297

NEARBY SCHOOLS & PROPERTIES

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

+1(949) 688-3629

kit@jinshomegroup.com

20 Corporate Park # 175, Irvine, CA 92606, United States

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2107 Voorhees AVE Redondo Beach, CA 90278