$2,112,000
$2,150,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
5,492 Sqft Lot
SOLD DATE : 10/13/2023
Key Details
Sold Price $2,112,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23161513
Sold Date 10/13/23
HOA Y/N No
Year Built 1963
Lot Size 5,492 Sqft
Property Description
This South Redondo Beach residential 4-plex is located only blocks away from Beryl Heights Elementary, Vons grocery and its complementary shops, a huge park with playground equipment and baseball diamonds, a dog park, and the Sun, Surf, Sand & The Strand in Hermosa Beach! Unit mix: (1) 3-bed, 2.5 bath 2-story front unit; (2) 2-bed, 1.5 bath units; (1) 2-bed, 1.75 bath rear unit over the garages in the alley. 4,442 total interior sq ft. 5,491 sf lot. The "Owner's Unit" includes a front yard, in-unit laundry, a side patio with a pergola, a driveway that can fit a car and a trailer, and (2) 1-car garages. The remaining 3 units each have an assigned 1-car garage in the alley. There is a coin-op laundry room accessible to all tenants. All units are electric with radiant heat. Current gross income is 45% under market at $90,900/yr and 2.64% CAP. This is a value-add opportunity, with pro forma gross income of ~$162,000/yr and 5.94% CAP. See Supplements for Property Income Analysis.
Location
State CA
County Los Angeles
Area 155 - S Redondo Bch N Of Torrance Bl
Zoning RBRMD
Interior
Heating Radiant
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Electric Cooktop, Refrigerator, Water Heater, Dryer, Washer
Laundry Common Area, Inside, Laundry Room
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N No
View None
Total Parking Spaces 7
Private Pool No
Building
Lot Description Front Yard, Lawn
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7502010051
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Lon Pascal • Allison James Estates & Homes