Discover this well-maintained 8-unit property located in North Redondo. Situated on a spacious 7,504 SF lot, this property offers a total of 5,090 SF of living space, with a mix of (2) 2-bed/1-bath units and (6) 1-bed/1-bath units. Priced at an attractive $349,375 per unit, the property boasts a strong income with a 4.36% CAP rate and a 14.80 GRM on current rents. It also has very strong upside potential with 25% rental upside and a market cap of 5.82%. Altogether, this is an excellent investment opportunity in a desirable, beach city location, perfect for those looking to capitalize on the steady rental market in this sought-after area w/ long term appreciation potential.
Additional Features
- 0-1 Unit/Acre
- Parking spaces: 8.00
- Listing Status: Active
- Listing Agent: Brett Lyon
(lic# 01717818)
of South Bay
- Listing Office: Lyon Stahl Investment Real Estate, Inc.
(lic# 01972083)
- CO-Listing Agent: Duncan Backus
(lic# 02090171)
of Pacific West
- CO-Listing Office: Lyon Stahl Investment Real Est
(lic# 01972083)
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Based on information from CRISNet MLS as of 1st December 2024 at 5:58pm. 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.
