2001 Ruhland Avenue

Redondo Beach, CA 90278 View Map $2,165,000 Ask a Question
Acres0.17
Year1964
2001 Ruhland Avenue Redondo Beach, CA 90278 | MLS 19516162 Photo 1
2001 Ruhland Avenue Redondo Beach, CA 90278 | MLS 19516162 Map
Greg Geilman

Greg Geilman

(310) 853-3073
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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:19516162
Date Sold:10/23/2019
Lot Size:0.17 Acres
County:Los Angeles
2001 Ruhland Ave, a 4-unit investment property in Redondo Beach, California. The property is located between Green and Blossom Lanes just blocks from Aviation Blvd. This area is a solid majority-renter market with low vacancy rates.2001 Ruhland Ave consists of four 2 Bedroom 1 Bathroom Units. All of the units are separately metered for gas and electricity. The property also offers 6 garages and 6 uncovered parking spaces. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.There are three garages generating $3,200 a year in additional income. All units are identical in renovation and layout. Current owner has the highest unit being rented out at$2,595. With a more modern renovation program for the interiors, a new investor can capture even more upside. This building is perfect for an investor seeking a clean bite sized deal in a strong rental market. CALL TODAY!

Detailed Maps

Community Information

Address:2001 Ruhland Avenue Redondo Beach, CA 90278
County:Los Angeles
City:Redondo Beach
Zip Code:90278

Architecture

Year Built:1964
Total Units: 4
Unit 1: 4 Units•2 Beds•1 Bath•Unfurnished•$2,576 actual rent•$10,307 total rent•$10,600 pro forma

Property Features

Lot Size: 0.17 Acres / 7510 Sq. Ft.
Zoning:RBR-2
Directions:Corner of Ruhland Ave and Green Ln

Tax and Financial Info

Gross Annual Income: 126884.00
Gross Operating Income: 126884.00

Schools

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Listing Information Last Updated 2/20/2020
Listing provided courtesy of Jonathan Weir, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of February 20, 2020. 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. IDX provided by Sierra Interactive.