$2,060,000
$2,250,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
108 N PROSPECT AVE Redondo Beach, CA 90277
9 Beds
9 Baths
4,492 SqFt
Key Details
Sold Price $2,060,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,492 sqft
Price per Sqft $458
MLS Listing ID 19-518638
Sold Date 01/31/20
Bedrooms 9
Year Built 1973
Lot Size 6,439 Sqft
Property Sub-Type Multi-Family
Property Description
This 4-unit apartment building is an opportunity for an investor to purchase a multifamily property in the heart of beautiful South Redondo Beach. This turn-key investment allows for an owner to live in one unit and enjoy the top of the market rental income from the others. This opportunity also allows for a potential investor to obtain residential financing. The building consists of (1) three-bedroom/two-bathroom owner's unit and (3) two-bedroom/one and a half-bathroom units. Property is located less than one mile away from the beach and is near award-winning Redondo Beach schools. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Rents at the high end of the range result in 26% upside.
Location
State CA
County Los Angeles
Area S. Redondo Beach North Of Torrance Blvd
Zoning RBR-3
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Garage
Garage Spaces 6.0
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Matthews Real Estate Investment Services
