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$1,390,000
Est. payment /mo
4 Beds
3 Baths
2,050 SqFt
UPDATED:
12/05/2024 03:33 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $678
MLS Listing ID 24454193
Bedrooms 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1942
Lot Size 5,005 Sqft
Property Description
Incredible Investment Opportunity: Fully occupied, remodeled 3 unit income property with a detached studio and spacious warehouse, located west of Avalon Blvd and south of Redondo Beach Blvd. This high demand property boasts a 5.4% cap rate and an 18.4 GRM, generating $6,300 monthly ($75,600 annually). Breakdown: Unit 100 2 beds, 1 bath ($1,800); Unit 102 Studio ($1,200); Unit 200 1 bed, 1 bath + office ($1,700); Unit 201 1 bed, 1 bath ($1,600). Features include quartz countertops, stainless appliances, in-unit washers/dryers, and new HVAC. The 1,000 sq. ft. warehouse offers conversion potential (buyer to verify) under flexible LCM1-B1 zoning, supporting future development. Ideal for first time and seasoned investors or 1031 exchanges, with stable income, low maintenance, and expansion options. Conveniently near freeways, transport, shopping, and diningdon't miss this prime portfolio addition.
Location
State CA
County Los Angeles
Area Rq - Compton West Of Central
Zoning LCM1-B1*
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Gas Cooktop, Gas Oven, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Carport, On Street
View Y/N Yes
View Courtyard
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 6139009007
Special Listing Condition Standard
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Listed by Julian Abi-Jaoude • The Agency