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    Property Description

    2617 & 2619 Gates Avenue – A rare, contiguous 2-parcel offering in North Redondo. Ideal “Buy and Hold” for an apartment investor – with the “Value Add” opportunity of condo development, in the future. Very tidy buildings maintained well by local ownership. The buildings’ unit mix of all 2 Bd units typically means little relative turnover and stable tenancy. Separately gas/electric meters AND separate hot water heaters, garage parking AND each unit has washer/dryer hookups. Seller prefers to sell one building outright and “carry” $750K on the other building, closing concurrently. Immediate rent upside and even more, still, through slight aesthetic improvements – 2 Bedroom/1 Bath units in this area routinely rent for $1,500-$1,600/month!rnrnSeveral streets North of Artesia Blvd and just a block West of Inglewood Ave. Tenants are 2 minutes from the South Bay Galleria, the 405 Fwy. and a 5 minute drive to surf and sand.

    Features
    : 12.00
    : Sewer Available
    : Assigned
    : 2+ Common Walls
    0
    SHEADBRI
    : Public
    : Lot 10000-19999 Sqft
    : Urban
    2
    Address Map
    Gates
    2617
    Avenue
    2254
    0
    W119° 38' 13.8''
    N33° 52' 43.5''
    MLS Addon
    RE/MAX Commercial & Inv Realty
    $0
    12
    R3
    14,994 Sqft
    Head
    01330706
    : Standard
    S9104
    Brice
    151 - N Redondo Bch/Villas North
    Two
    4153027020
    $0
    2011

    Sold

    2617 Gates Avenue, Redondo Beach, California 90278

    8,268 Sqft
    $2,700,000
    Listing ID #SB12154244
    Basic Details
    Property Type :
    Listing Type : Sold
    Listing ID : SB12154244
    List Price : $2,700,000
    Rooms : 0
    Square Footage : 8,268 Sqft
    Year Built : 1958
    Lot Area : 0.34 Sqft
    Country : US
    State : California
    County : Los Angeles
    City : Redondo Beach
    Zipcode : 90278
    Close Price : $2,606,000
    Status : Closed
    Property Type : Single Family Residence
    Price Per Square Foot : $315
    Days on Market : 71
    Agent info
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