Redondo Beach, CA 90278,1714 Clark Lane
Redondo Beach, CA 90278,1714 Clark Lane
Redondo Beach, CA 90278,1714 Clark Lane
$2,559,500
Est. payment /mo
$2,650,000
3.4%
Est.Price: ?

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11 Beds
8 Baths
7,503 Sqft Lot
SOLD DATE : 02/27/2024

Key Details

Sold Price $2,559,500

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB23172337

Sold Date 02/27/24

Bedrooms 11

HOA Y/N No

Lot Size 7,503 Sqft

Property Description

Introducing 1714 Clark Ln, Redondo Beach. Located on the outskirts of the Golden Triangle, this building is wonderfully poised for an owner-occupant or a cash-flow seeking investor! There is a rare 4-bedroom unit to be delivered vacant, complete with front and back yard space. Additionally, there is a 3-bedroom 1.5-bath unit with a private yard and two 2-bedroom 1.5-bath units. This building has undergone a complete rehab including upgrades such as a full roof replacement, new window system, exterior paint and an enhanced shared backyard space. Each unit has its own washer/dryer and private garage space. The unit interiors have been upgraded with new two-tone cabinets, Calacatta-quartz countertops, vinyl plank flooring with modern baseboards and a new stainless steel appliance package. Step into immediate cash flow now operating at a very impressive 5.20% in-place Cap Rate and 13.74 in-place GRM!
Introducing 1714 Clark Ln, Redondo Beach. Located on the outskirts of the Golden Triangle, this building is wonderfully poised for an owner-occupant or a cash-flow seeking investor! There is a rare 4-bedroom unit to be delivered vacant, complete with front and back yard space. Additionally, there is a 3-bedroom 1.5-bath unit with a private yard and two 2-bedroom 1.5-bath units. This building has undergone a complete rehab including upgrades such as a full roof replacement, new window system, exterior paint and an enhanced shared backyard space. Each unit has its own washer/dryer and private garage space. The unit interiors have been upgraded with new two-tone cabinets, Calacatta-quartz countertops, vinyl plank flooring with modern baseboards and a new stainless steel appliance package. Step into immediate cash flow now operating at a very impressive 5.20% in-place Cap Rate and 13.74 in-place GRM!

Location

State CA

County Los Angeles

Area Redondo Beach (90278)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $164

Acceptable Financing Cash

Space Rent $5,000

Listing Terms Cash

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Austin Zahn • Lyon Stahl Investment Real Estate, Inc.
Bought with Nicholas Phillips • Compass
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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