108 N Prospect Avenue, Redondo Beach, 90277

Residential Income For Sale

$2,250,000

Beds
Baths
4,492Sqft
.15Acres
1973Built
16DOM
MLS® #: 19518638
Active, 16 Days on Market

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.

Essential Information

MLS® #: 19518638
Price: $2,250,000
Square Footage: 4,492
Acres: 0.15
Year Built: 1973
Type: Residential Income
Status: Active

Community Information

Address: 108 N Prospect Avenue
County: Los Angeles
State: CA
Zip Code: 90277

Interior

Cooling: See Remarks
# of Stories: 2

Additional Information

Date Listed: September 27th, 2019
Days on Market: 16
Zoning: RBR-3

Listing Details

Listing Agent: David Harrington(01320460)
Listing Office: Matthews Real Estate Investmen

Financials

$/SqFt: $501

Welcome to this 0 bedroom 0 bath Residential Income in the S. Redondo Beach North of Torrance Blvd (155) section of Redondo Beach located at 108 N Prospect Avenue built in 1973. It is 0 square feet and the current asking price is $ 2,250,000.

Based on information from California Regional Multiple Listing Service, Inc. as of October 15th, 2019 at 6:23am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.