Rare 7 unit building in Redondo Beach where the rental market is very strong. Within a few minutes from the beach, surrounded by shoppes and restaurants, this is a highly desirable area in South Bay. Just a few Miles from Silicon Beach where the growth potential is unlimited. Equipped with a separate meter for gas and electric for all 7 units, including one car garage per unit. Most tenants are long-term stable tenants with month-to-month lease. Great buy and hold steady cash flow. HUGE unrealized upside rent 30% below market, possible future update and or aesthetic improvement to significantly increase property value. Zone RBR-3 (apartment house 5+unit)
Additional Features
- Wall Furnace
- Natural Gas
- 36-40 Units/Acre
- Two
- Parking spaces: 7.00
- Listing Status: Closed
- Listing Agent: George Wang
(lic# 01751924)
of South Bay
- Listing Office: Harvest Realtors, Inc.
(lic# 01958643)
- Selling Agent: Brian Estes
(lic# 01394559)
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Based on information from CRISNet MLS as of 2nd December 2024 at 7:06am. 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.
