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108 Prospect Avenue, Redondo Beach, CA 90277

9 Bed, 5+ Bath Multi-Family Home For Sale

108 Prospect Avenue, Redondo Beach, CA 90277 House For Sale - MLS #19518638
$2,250,000
9
5 Full Bath, 3 Half Bath
Multi-Family
4 Family
This listing is courtesy of David Harrington from Matthews Real Estate Investment Services.

Property Description for 108 Prospect Avenue, Redondo Beach, CA 90277

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.

Interior Details

4,492 sq. ft.
$500.89/sq. ft.
Other

Exterior Details

0.15 acres
6,439 sq. ft.
6

Other Details

19518638
1973

Units Description

Unit #1
Bedrooms: 3      Full / Half Baths: 2      Rent: $2,500     

Unit #2
Bedrooms: 2      Full / Half Baths: 1 / 1      Rent: $2,350     

Unit #3
Bedrooms: 2      Full / Half Baths: 1 / 1      Rent: $2,350     

Unit #4
Bedrooms: 2      Full / Half Baths: 1 / 1      Rent: $2,150     

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Town Description

Redondo Beach is one of the three Beach Cities in Los Angeles County, California, United States. The population was 63,261 at the 2000 census. The city is located in the South Bay region of the...

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