Sold for $2,025,000 on Mar 23, 2018
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.
DON'T MISS A NEW LISTING AGAIN!
FREE AUTOMATED EMAIL UPDATES