REQUEST A TOUR
$2,750,000
Est. payment /mo
6 Beds
4 Baths
7,504 Sqft Lot
UPDATED:
10/01/2024 10:49 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24174441
Bedrooms 6
HOA Y/N No
Lot Size 7,504 Sqft
Property Description
Discover this well-maintained 8-unit property located in North Redondo. Situated on a spacious 7,504 SF lot, this property offers a total of 5,090 SF of living space, with a mix of (2) 2-bed/1-bath units and (6) 1-bed/1-bath units. Priced at an attractive $343,750 per unit, the property boasts a strong income with a 4.45% CAP rate and a 14.56 GRM on current rents. It also has very strong upside potential with 25% rental upside and a market cap of 5.94%. Altogether, this is an excellent investment opportunity in a desirable, beach city location, perfect for those looking to capitalize on the steady rental market in this sought-after area w/ long term appreciation potential.
Discover this well-maintained 8-unit property located in North Redondo. Situated on a spacious 7,504 SF lot, this property offers a total of 5,090 SF of living space, with a mix of (2) 2-bed/1-bath units and (6) 1-bed/1-bath units. Priced at an attractive $343,750 per unit, the property boasts a strong income with a 4.45% CAP rate and a 14.56 GRM on current rents. It also has very strong upside potential with 25% rental upside and a market cap of 5.94%. Altogether, this is an excellent investment opportunity in a desirable, beach city location, perfect for those looking to capitalize on the steady rental market in this sought-after area w/ long term appreciation potential.
Discover this well-maintained 8-unit property located in North Redondo. Situated on a spacious 7,504 SF lot, this property offers a total of 5,090 SF of living space, with a mix of (2) 2-bed/1-bath units and (6) 1-bed/1-bath units. Priced at an attractive $343,750 per unit, the property boasts a strong income with a 4.45% CAP rate and a 14.56 GRM on current rents. It also has very strong upside potential with 25% rental upside and a market cap of 5.94%. Altogether, this is an excellent investment opportunity in a desirable, beach city location, perfect for those looking to capitalize on the steady rental market in this sought-after area w/ long term appreciation potential.
Location
State CA
County Los Angeles
Area Redondo Beach (90278)
Zoning Public Rec
Building
Lot Description Curbs
Story 2
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $234
Acceptable Financing Cash, Conventional
Space Rent $1,967
Listing Terms Cash, Conventional
Read Less Info
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
CORONADO LISTINGS
- 7 Beds11 Baths11,715 SqFt3DActive
$43,000,000
- 5 Beds5 Baths3,800 SqFt1/48 48Pending
$14,500,000
- 0.39 Acres Lot1/16 16Active
$10,500,000
- 5 Beds5 Baths5,232 SqFt1/58 58Active
$10,450,000
Coronado Real Estate
Sold Coronado gives you instant access to search Coronado Real Estate for sale and access to same-day viewings with our showing service. Keep track of real estate trends and see homes before anyone else with SoldCoronado.com
Coronado MLS