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Additional details
Listed by Malcolm Zeger • Buckingham Investments, Inc
$2,350,000
Est. payment /mo
4,342 SqFt
UPDATED:
11/05/2024 01:42 AM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,342 sqft
Price per Sqft $541
MLS Listing ID CRSB24225852
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1962
Lot Size 7,504 Sqft
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
Interior
Fireplace No
Laundry Common Area
Building
Water Public
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