Well maintained 7 unit apartment building located in North Redondo Beach. First time on the market in almost 40 years. The unit mix consists of a 1-2bd/2ba unit and 6-1bd/1ba units and 7 garages. Property is separately metered for gas and electric and has a leased onsite laundry facility. Property is low maintenance and primarily consists of stable long term tenants. 3 of the units have been recently renovated. Projected rental upside of over 25%. Located in a high demand rental area with close proximity to the beach and convenient access to the 405 freeway. Great opportunity to acquire a quality income producing asset in a highly desirable neighborhood. Back on the market through no fault of the property.
- Lot description:Level
- Garage spaces:7
Type & Style
- Property type:Investment
- Year built:1963
Utilities / Energy Details
- Sewer information:PublicSewer
- Utility source:Public
Community and Neighborhood Details
- County:Los Angeles
- Original List Price:$2, 800, 000
- Buying Agency Compensation:2.000
- MLS #:PW23095581
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Last Updated: . Source: CRMLS
Listing Agent: Philip Barton (#PBARTPHI)
Listing Office: Philip Barton, Broker (#PB21579)
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