$1,640,000
$1,999,000
18.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
8,547 Sqft Lot
SOLD DATE : 01/20/2023
Key Details
Sold Price $1,640,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22189758
Sold Date 01/20/23
Bedrooms 6
HOA Y/N No
Lot Size 8,547 Sqft
Property Description
This charming 4 plex is located just one block from the beach and just a couple blocks from Redondo's Riviera Village. There are (two), 2-bedrooms, 1 bath, and (two), 1-bedroom 1 bath units. Each unit has been completely upgraded to include all new widows, hardwood flooring, kitchen cabinets, appliances including refrigerators in each unit, and remodeled bathrooms and 3 year old roof. Each unit also comes with its own covered shared garage (carport) and the 2 bedrooms comes with an additional designated (2) parking spots (one covered garage and one uncovered space). The covered garages also have assigned storage for each unit. Three of the units are located downstairs with a 2-bedroom unit located upstairs. Very well-maintained and landscaped grounds with spacious front and side yard. This amazing renovated property is in outstanding condition and is located in one of the most prime locations that Redondo Beach has to offer. The Riviera Village is one of the loveliest shopping and nightlife destinations in Southern California, with numerous shops, boutiques, bars, restaurants, professional offices and a Trader Joe's grocery store. The Village features annual art and fitness festivals, special events, further enhancing the neighborhood' s general appeal. Strong CAP rate, Excellent cash flow and amazing investment opportunity.
This charming 4 plex is located just one block from the beach and just a couple blocks from Redondo's Riviera Village. There are (two), 2-bedrooms, 1 bath, and (two), 1-bedroom 1 bath units. Each unit has been completely upgraded to include all new widows, hardwood flooring, kitchen cabinets, appliances including refrigerators in each unit, and remodeled bathrooms and 3 year old roof. Each unit also comes with its own covered shared garage (carport) and the 2 bedrooms comes with an additional designated (2) parking spots (one covered garage and one uncovered space). The covered garages also have assigned storage for each unit. Three of the units are located downstairs with a 2-bedroom unit located upstairs. Very well-maintained and landscaped grounds with spacious front and side yard. This amazing renovated property is in outstanding condition and is located in one of the most prime locations that Redondo Beach has to offer. The Riviera Village is one of the loveliest shopping and nightlife destinations in Southern California, with numerous shops, boutiques, bars, restaurants, professional offices and a Trader Joe's grocery store. The Village features annual art and fitness festivals, special events, further enhancing the neighborhood' s general appeal. Strong CAP rate, Excellent cash flow and amazing investment opportunity.
Location
State CA
County Los Angeles
Area Redondo Beach (90277)
Zoning Assessor
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $2,200
Listing Terms Cash, Conventional
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Bought with Mark Tawfik • eXp Realty of Greater Los Angeles, Inc.