This 4-unit apartment building is an opportunity for an investor to purchase a multifamily property in the heart of beautiful South Redondo Beach. This turn-key investment allows for an owner to live in one unit and enjoy the top of the market rental income from the others. This opportunity also allows for a potential investor to obtain residential financing. The building consists of (1) three-bedroom/two-bathroom owner’s unit and (3) two-bedroom/one and a half-bathroom units. Property is located less than one mile away from the beach and is near award-winning Redondo Beach schools. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Rents at the high end of the range result in 26% upside.
- Parking:
- Driveway
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-X80379
- Stories:
- 2
- Street:
- PROSPECT
- Street Number:
- 108
- Street Suffix:
- Avenue
- Floor Number:
- 0
- Longitude:
- W119° 37' 25''
- Latitude:
- N33° 50' 35.5''
- Street Dir Prefix:
- N
- Listing Courtesy of:
- Matthews Real Estate Investment Services
- TaxAnnualAmount:
- $0
- Zoning:
- RBR-3
- Lot Size Square Feet:
- 6,439 Sqft
- List Agent Last Name:
- Harrington
- List Agent License Number:
- 01320460
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X81530
- List Agent First Name:
- David
- Directions:
- North of Torrance Blvd, East of PCH.
- MLSAreaMajor:
- 155 - S Redondo Bch N of Torrance Bl
- Parcel Number:
- 7518004019
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
108 PROSPECT Avenue, Redondo Beach, California 90277
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- 19518638
- List Price :
- $2,250,000
- Year Built :
- 1973
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90277
- Close Price :
- $2,060,000
- Status :
- Closed
- Property Type :
- Single Family Residence
- Price Per Square Foot :
- $459
- Days on Market :
- 67
