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$2,350,000
Est. payment /mo
9 Beds
6 Baths
7,504 Sqft Lot
UPDATED:
11/05/2024 02:49 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24225852
Bedrooms 9
HOA Y/N No
Lot Size 7,504 Sqft
Property Description
Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Location
State CA
County Los Angeles
Area Redondo Beach (90278)
Zoning Assessor
Building
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Monthly Total Fees $203
Acceptable Financing Cash, Conventional
Space Rent $3,350
Listing Terms Cash, Conventional
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Listed by Malcolm Zeger • Buckingham Investments, Inc
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