This South Redondo Beach residential 4-plex is located only blocks away from Beryl Heights Elementary, Vons grocery and its complementary shops, a huge park with playground equipment and baseball diamonds, a dog park, and the Sun, Surf, Sand & The Strand in Hermosa Beach! Unit mix: (1) 3-bed, 2.5 bath 2-story front unit; (2) 2-bed, 1.5 bath units; (1) 2-bed, 1.75 bath rear unit over the garages in the alley. 4,442 total interior sq ft. 5,491 sf lot. The "Owner's Unit" includes a front yard, in-unit laundry, a side patio with a pergola, a driveway that can fit a car and a trailer, and (2) 1-car garages. The remaining 3 units each have an assigned 1-car garage in the alley. There is a coin-op laundry room accessible to all tenants. All units are electric with radiant heat. Current gross income is 45% under market at $90,900/yr and 2.64% CAP. This is a value-add opportunity, with pro forma gross income of ~$162,000/yr and 5.94% CAP. See Supplements for Property Income Analysis.
- Lot description:FrontYard, Lawn
- Garage spaces:5
Type & Style
- Property type:Investment
- Year built:1963
Utilities / Energy Details
- Sewer information:PublicSewer
- Utility source:Public
- Utility features:CableConnected, ElectricityConnected, PhoneConnected, SewerConnected, WaterConnected
Community and Neighborhood Details
- County:Los Angeles
- Original List Price:$2, 150, 000
- Buying Agency Compensation:2.500
- MLS #:SB23161513
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Last Updated: . Source: CRMLS
Listing Agent: Alex Smith (#SSMIALEX)
Listing Office: eXp Realty of California Inc (#sb1338520)
Note: The results shown are estimates only and do not necessarily include accurate taxes or homeowner's insurance!