REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,350,000
Est. payment /mo
9 Beds
4,342 SqFt
UPDATED:
11/04/2024 11:07 PM
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,342 sqft
Price per Sqft $541
MLS Listing ID CRSB24225852
Bedrooms 9
HOA Y/N No
Year Built 1962
Lot Size 7,504 Sqft
Acres 0.17
Property Description
Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Location
State CA
County Los Angeles
Area Listing
Zoning RBR-
Interior
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Other
Total Parking Spaces 2
Building
New Construction No
Others
Tax ID 4157008017
Read Less Info
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Malcolm Zeger • Buckingham Investments, Inc
GET MORE INFORMATION
Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122