Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

1,172 sqft

Lot size

4,807 sqft

Year built

1926

Stories

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

8

MLS #

246746196

About this property

A large lot, a vacant unit, and plenty of potential! Situated on a spacious, flat lot zoned LARD1.5, this centrally located duplex offers a unique opportunity for an investor, owner-user, or buyer looking to explore the property's future development potential. The existing property is a charming 1926 Spanish bungalow-style duplex featuring two units. The front 1-bedroom, 1-bath unit is currently rented for $1,349 per month, while the rear 2-bedroom, 1-bath unit will be delivered vacant at closing, providing immediate flexibility for an owner-user or the opportunity to renovate and reposition the unit for today's rental market. Beyond the existing improvements, the expansive rear portion of the lot is where the property really stands out. With a large amount of open, usable space, there may be opportunities to add additional units, an ADU, or explore a larger redevelopment of the site, subject to buyer verification and applicable zoning and building requirements. Conveniently located just off the 10 Freeway with easy access throughout Los Angeles, the property combines an existing income-producing unit, a second unit delivered vacant, a strong rental market, and a large LARD1.5 lot with future upside. For buyers looking for a property they can improve, expand, or hold for the future, 2664 S. Redondo Blvd offers a lot of possibilities at an attractive price point.

Location

2664 S Redondo Boulevard

Los Angeles, Los Angeles, CA, 90016