$2,800,000
$2,995,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
6,799 Sqft Lot
SOLD DATE : 09/14/2023
Key Details
Sold Price $2,800,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23138037
Sold Date 09/14/23
HOA Y/N No
Year Built 1955
Tax Year 2023
Lot Size 6,799 Sqft
Property Description
Fantastic Opportunity to Acquire a Well Maintained 9-Unit Apartment Building in North Redondo Beach.
Property upgrades include a new roof, interior upgrades in 5 of the 9 units (within the past 18 months - upgrades vary per unit). Features include new vinyl plank and tile flooring, tiled showers, new cabinetry, new counters, smooth ceilings, and recessed lighting. Strong rental location with 7 of the 9 tenants on month-to-month agreements. Room to raise rents in 2023. The unit mix consists of (1) 2 Bedroom 1 Bath and (8) 1 Bedroom 1 Bath. Ample uncovered parking for 9 vehicles plus two 1-car garages. Separate gas & electric meters along with five of the residents paying towards RUBS utility sharing. New on-site community laundry room with 2 washers/2 dryers (machines are owned). Ditch the car with a Walk Score of 91 “Walkers Paradise” and a bike score of 87 “Very Bikeable. Just 2.5 miles to the Pacific Ocean & the popular Hermosa and Manhattan Beaches. Close to public transportation, the 405, 110 and 91 Freeways, shopping, restaurants, coffee shops, parks, and award-winning Redondo Beach Schools.
No City of Redondo Beach Rent Control, Subject only to California AB1482. Zip Code 90278 received an overall A+ Grade per Niche.com.
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Zoning RBR-3
Interior
Interior Features Ceiling Fan(s), Granite Counters, Quartz Counters
Heating Natural Gas
Cooling None
Flooring See Remarks
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Disposal, Gas Range, Gas Water Heater, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned, Door-Single, Garage, On Site, Uncovered
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle,See Remarks
Total Parking Spaces 11
Private Pool No
Building
Lot Description Corner Lot, Landscaped, Near Park, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4157007012
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Trust
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Bought with Kimiyasu Murayoshi • Andrew C. Lee