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(310)918-5027
Real Estate Company
2020 Graham Avenue, Redondo Beach, CA 90278
- $5,100,000
- Sold Price
- $5,100,000
- List Price
- $5,300,000
- Closing Date
- Jun 25, 2025
- Status
- CLOSED
- MLS#
- SB25001636
- Year Built
- 1970
- Lot Size
- 15,006
- Acres
- 0.34
- Lot Location
- Landscaped, Level
- Days on Market
- 89
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Three Or More Levels, Multi Level
Property Description
Graham Street is a rare find! Built in 1970’s and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach’s best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location. A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy. Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 5.6% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 18 parking spaces consisting of tuck under and separate building all have storage. This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.
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Additional Information
- Appliances
- Dishwasher, Electric Range
- Pool Description
- None
- Cooling Description
- None
- Exterior Construction
- Copper Plumbing
- Garage Spaces Total
- 18
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Granite Counters, Storage, Solid Surface Counters
- Attached Structure
- Detached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $322,800
- Operating Expense
- 96630
Listing courtesy of Listing Agent: Ross Moore (ross@rmrealtyservices.com) from Listing Office: Estate Properties.
Listing sold by Noam Srolovitz from Kape Property Management, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.