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

4

Building size

4,285 sqft

Lot size

7,492 sqft

Year built

1969

Stories

2

Garage spaces

6

Status

Active

Days on market

8

MLS #

247910176

About this property

Rare North Redondo Beach four-unit building delivered 100% vacant at close of escrow, so a buyer can lease every unit at today's market rents from day one. The 4,285 SF building sits on a 7,492 SF lot and offers two 2bd/1.5ba townhouse-style units, a 2bd/1.5ba unit, and a 3bd/2ba unit with washer/dryer hookups (a large 2+den, with the den sized for use as a third bedroom). Every unit has private outdoor space: a patio at Unit A, a patio plus rooftop deck at Unit B, an extra-large patio at Unit C, and a large rooftop deck at Unit D. Six single-car garages. Scheduled as-is income of $152,400 per year ($12,700/month) at lease-up, a 4.66% cap rate and 14.76 GRM, with a 5.12% pro-forma cap and 13.79 pro-forma GRM (post renovation). No local rent control. Minutes to Manhattan Beach, Hermosa Beach, the beach and the South Bay Galleria, within the Redondo Beach Unified School District. Sold as-is.

Location

2107 Voorhees Avenue

Redondo Beach, Los Angeles, CA, 90278