$1,900,000
$1,799,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
1,904 SqFt
SOLD DATE : 05/18/2022
Key Details
Sold Price $1,900,000
Property Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 1,904 sqft
Price per Sqft $997
MLS Listing ID SB22059779
Sold Date 05/18/22
Style All Other Attached
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1912
Lot Size 5,988 Sqft
Acres 0.1375
Property Description
A great investment opportunity! Just a short walk to the Redondo Beach Pier, this prime location triplex has incredible upside income potential. There are two 1 bedroom 1 bath units at the front of the property. Behind the duplex sits a free-standing 2 bedroom 1 bath home with a yard and garage along with laundry. Current tenants are month to month with rents below market. With pro-forma rents, you can get to a premium cap rate. This is also a great owner-user for those looking to live in South Redondo and have additional units to help pay rent.
A great investment opportunity! Just a short walk to the Redondo Beach Pier, this prime location triplex has incredible upside income potential. There are two 1 bedroom 1 bath units at the front of the property. Behind the duplex sits a free-standing 2 bedroom 1 bath home with a yard and garage along with laundry. Current tenants are month to month with rents below market. With pro-forma rents, you can get to a premium cap rate. This is also a great owner-user for those looking to live in South Redondo and have additional units to help pay rent.
Location
State CA
County Los Angeles
Area Redondo Beach (90277)
Interior
Laundry Garage
Exterior
Garage Garage, Garage - Single Door
Garage Spaces 1.0
Utilities Available Electricity Available
Roof Type Shingle
Total Parking Spaces 1
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories 2 Story
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with NON LISTED AGENT • NON LISTED OFFICE