$2,450,000
For Sale

1223 Amethyst Street

Redondo Beach, CA 90277
4170 sqft | 8 beds | #22201615
Courtesy of Shield CRE, Inc.
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Description

Price Reduced! | Highly Desirable South Redondo Beach Location | Less Than 1 Mile from the Pacific Ocean, King Harbor & Redondo Beach Pier | Great Unit Mix of (One) 3-Bed/2-Bath Unit, (Two) 2-Bed/2-Bath Units & (One)1-Bed/1-Bath Unit | No Local Rent Control Defaults to AB 1482 | 4,170 Square Feet of Living Space on 5,416 Square Foot Lot | Some Units Remodeled & Total of 5 Garage Spaces | Approximately 12% in Rental Upside - 3.64% Pro-Forma CAP Rate & 18.52 Pro-Forma GRM | 3.07% Current CAP Rate & 20.79 Current GRM | Minimal Utility and Common Area Expenses | Qualifies for Residential Financing | Perfect Owner User Opportunity
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  • Interior Details
    • Beds & Baths
      • Bedrooms:8
  • Property Details
    • Property
      • Stories:2
    • Measurements
      • Acres:0.1243
      • Square Feet:4170
    • Parking
      • Garage spaces:5
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1963
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$2, 475, 000
      • Selling Office Commission:2.500
  • Other
    • Source
      • MLS #:22201615

Location

Gary ElminoufiReal Estate Group
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