Welcome to a fantastic investment opportunity in a prime location! This property has been owned by the same family for years and is now available for new possibilities. Property consists of 3 units, two units are 2 bedrooms 1 bath and one unit that has a yard and a private entrance is a 2 bedroom 1 bath and each unit has a garage and park space. Drive by and take a look; you’ll see the potential is endless.
For investors, consider converting the garages into an ADU and transforming the property into a four-unit rental. The current rents are low, but the long-term tenants are content and reliable, ensuring a steady income stream or raise the rents. There is a huge rent upside available.
Owner-occupants will appreciate the back unit, which boasts a charming yard, perfect for relaxation and outdoor activities.
Contractors and developers will be thrilled with the location. This property offers the chance to tear down and build spacious new units, maximizing rental income potential.
The property is professionally managed, with management costs already included in the expenses, which remain impressively low.
Don’t miss out on this versatile and promising property
- Parking:
- 4.00
- New Construction YN:
- 0
- Laundry:
- See Remarks
- Sewer:
- Conventional Septic
- Common Walls:
- No Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- SBRABKEI
- Water Source:
- Public
- Lot Features:
- Back Yard
- Community Features:
- Suburban
- Stories:
- 1
- Entry Level:
- 1
- Entry Location:
- Front right
- Street:
- Rockefeller
- Street Number:
- 1920
- Street Suffix:
- Lane
- Zip4:
- 3573
- Floor Number:
- 0
- Longitude:
- W119° 37' 21.9''
- Latitude:
- N33° 52' 11.1''
- Listing Courtesy of:
- Century 21 Union Realty
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 3
- Zoning:
- RBR-3
- Lot Size Square Feet:
- 6,736 Sqft
- List Agent Last Name:
- Brabec
- List Agent License Number:
- 01206669
- Special Listing Conditions:
- Standard
- List Office ID:
- s4331
- List Agent First Name:
- Keith
- Directions:
- Just west of Green Ln
- MLSAreaMajor:
- 151 - N Redondo Bch/Villas North
- Parcel Number:
- 4156014002
- List Agent License Number:
- 00527439
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
1920 Rockefeller Lane, Redondo Beach, California 90278
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- SB24132969
- List Price :
- $1,549,000
- Year Built :
- 1949
- Lot Area :
- 0.15 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90278
- Close Price :
- $1,375,000
- Status :
- Closed
- Property Type :
- Triplex
- Price Per Square Foot :
- $499
- Days on Market :
- 42
