Properties

108 N PROSPECT Avenue
Redondo Beach, California CA 90277
$2,250,000 Price
Active Status
4,492 SqFt
0.148 Acres
19518638 Listing ID
This 4-unit apartment building is an opportunity for an investor to purchase a multifamily property in the heart of beautiful South Redondo Beach. This turn-key investment allows for an owner to live in one unit and enjoy the top of the market rental income from the others. This opportunity also allows for a potential investor to obtain residential financing. The building consists of (1) three-bedroom/two-bathroom owner's unit and (3) two-bedroom/one and a half-bathroom units. Property is located less than one mile away from the beach and is near award-winning Redondo Beach schools. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Rents at the high end of the range result in 26% upside.
Schedule Showing
Status Active
County Los Angeles
Year Built 1973
Price/SqFt $500.89
Property Type Residential Income
Residential Income

Primary Features

Cooling Type: See Remarks
County: Los Angeles
MLS Area Major: 155 - S Redondo Bch N of Torrance Bl
Special Listing Conditions: Standard
Year Built: 1973
Zoning: RBR-3

Additional

Laundry Features: See Remarks
Laundry: yes
Lot Size Units: Square Feet
Number Of Units Total: 4

Interior Features

Cooling: yes
Stories Total: 2

Financial Details

Gross Multiplier: 20.05
Gross Operating Income: 108834
Improvements Amount: 560747
Land Value: 263876
Net Operating Income: 73644
Total Expenses: 35190

External Features

Lot Size Area: 6439
Lot Size Square Feet: 6439
Number Of Buildings: 1
Parking Features: Garage
Parking: yes

Location Information

Zoning Info


Area Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of David Harrington from Matthews Real Estate Investmen . Last updated Monday, November 11th, 2019.
Based on information from CARETS as of Monday, November 11th, 2019 02:41:03 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Contact - Listing ID 19518638

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

Data services provided by IDX Broker
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