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$ 2,350,000
Est. payment | /mo
7,504 Sqft Lot
$ 2,350,000
Est. payment | /mo
7,504 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24225852
Originating Board California Regional MLS
Year Built 1962
Lot Size 7,504 Sqft
Property Description
Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Location
State CA
County Los Angeles
Area 152 - N Redondo Bch/Villas South
Interior
Laundry Laundry Area
Exterior
Garage Spaces 2.0
Pool None
Building
Water District - Public
Others
Tax ID 4157008017
Special Listing Condition Not Applicable
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Listed by Malcolm Zeger • Buckingham Investments, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "