Property Detail

Description

Fourplex in South Redondo Beach on a Quiet Residential Cul-de-Sac Street | Exceptional Owner-User Opportunity with Renovated 2-Bedroom/2-Bathroom Unit Delivered Vacant | One Mile from the Redondo Beach Pier, King Harbor & Pacific Ocean | Outstanding Unit Mix of Three-Bedroom & 2-Bedroom Units | Front 3-Bedroom Townhouse with Open Floor Plan, Vaulted Ceilings, Fireplace, Large Private Deck & Private Yard | Each Unit Contains Private Outdoor Space | Newer Roof & Full Copper Plumbing | 4.55% Current Cap Rate & 14.92 Current GRM | 5.98% Pro-Forma Cap Rate & 12.22 Pro-Forma GRM | 4,610-SF Building on a Large 7,300-SF Lot | No Local Rent Control - Defaults to AB 1482 | Property is on RUBs Program Reduces Operational Expenses for Landlord | Six Garage Spaces | Desirable Opportunity to Add ADUs | On-Site Laundry Facility | Qualifies for Residential Financing