Property Type:Residential Income (Multi-Family)
Lot Size:0.17 Acres
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!
Address:2001 Ruhland Avenue Redondo Beach, CA 90278
Total Units: 4
Unit 1: 4 Units•2 Beds•1 Bath•Unfurnished•$2,576 actual rent•$10,307 total rent•$10,600 pro forma
Lot Size: 0.17 Acres / 7510 Sq. Ft.
Directions:Corner of Ruhland Ave and Green Ln
Tax and Financial Info
Gross Annual Income: 126884.00
Gross Operating Income: 126884.00
WALKING AND TRANSPORTATION
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Listing Information Last Updated 2/20/2020
Listing provided courtesy of Jonathan Weir, Marcus & Millichap.
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