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Listing 18 out of 104
Sold for $2,025,000 Sold

2321 Pullman Ln
Redondo Beach, CA 90278

4 units | Multi Family Home
7492 sq ft - MLS# SB18003272
Property Photo

Sold

Sold for $2,025,000 on Mar 23, 2018

Description

Rare opportunity to own a large 4-unit apartment building in North Redondo! The building is 1971 construction. It offers an ideal unit mix with (2) 3-bed/2-bath, (1) 2-bed/2-bath and (1) 2-bed/1.5-bath. All units have an upside rent potential with a 5.6% market CAP. One of the four units will be delivered vacant at the close of escrow. There is ample parking with 6 one-car garages plus 2 additional spots in the driveway. Located on a quiet street close to Manhattan Beach and Hermosa Beach. Just a short driving distance to the shops at the South Bay Galleria. And, part of the award-winning Redondo Beach School District. This is a great opportunity for first time investors that want to get into the prominent South Bay or for seasoned investors that simply want to increase their portfolio in the area.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $2,000,000
  • Zip Code: 90278
  • Year Built: 1971
  • Stories: Two
  • Units: 4 units
  • # of Parking Spaces: 8.00
  • Lot Size: 7492 sq ft
  • Zoning: RBR-2
  • Area: 152 - N Redondo Bch/Villas South
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4730.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 02035763
  • Co-Listing Office License: 01972083
  • Co-Selling Agent License: 02026375
  • Co-Selling Office License: 01972083
  • Community Features: Sidewalks
  • Country: US
  • Directions: On Pullman Ln off of Ripley Ave. South of Artesia Blvd
  • Electric Expense: 100.00
  • Garage Spaces: 6.00
  • Gardener Expense: 1200.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 1656.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 02026375
  • Listing Office License: 01972083
  • Lot Features: Lawn
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 1970.00
  • Net Operating Income: 33805.00
  • New Taxes Expense: 25000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 33126.00
  • Selling Agent: Cameron Samimi
  • Selling Agent License: 02035763
  • Selling Office: Lyon Stahl Investment Real Estate, Inc.
  • Selling Office License: 01972083
  • Sewer: Public Sewer
  • Total Actual Rent: 5750.00
  • Total Expenses: 33126.00
  • Uncovered Spaces: 2.00
  • Water Sewer Expense: 3200.00
  • Water Source: Public
  • Sold Price: 2025000.00
  • Sold Date: 2018-03-23 00:00:00
Courtesy of Lyon Stahl Investment Real Estate, Inc., Morgan Demasco

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Krystyna Ryan
Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: krystynarealestate@gmal.com
BRE # 01485187

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Krystyna Ryan | Broker Associate | The Real Estate Group
Phone: 310.918.5027 | Email: krystynarealestate@gmal.com
BRE # 01485187