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

Type

Apartment

Bedrooms

2

Building size

2,000 sqft

Lot size

4,639 sqft

Year built

1926

Stories

1

Garage spaces

1

Pool

None

Status

Active

Days on market

0

MLS #

248900278

About this property

715 Beryl Street presents an exceptional investment opportunity in the highly desirable coastal community of Redondo Beach. Offered at $1,400,000, this well-located duplex features two spacious units consisting of (1) 1-bedroom/1-bathroom and (1) 2-bedroom/1-bathroom, totaling approximately 2,000 SF on a 4,639 SF lot. Both units are currently vacant, presenting a rare opportunity for an investor to immediately lease the property at market rents or for an owner-user to occupy one unit while generating rental income from the other. With projected annual rental income of $144,000 and an attractive 8.24% pro forma cap rate, the property offers strong income potential from day one. Ideally situated in the heart of Redondo Beach, just minutes from the coastline, local dining, shopping, and entertainment, 715 Beryl Street combines a desirable South Bay location with the flexibility of two vacant units and significant long-term investment appeal. An outstanding opportunity to acquire a fully vacant coastal duplex with immediate income potential!

Location

715 Beryl

Redondo Beach, Los Angeles, CA, 90277