Property Type:Residential Income (Multi-Family)
On Site:8 Days
Lot Size:5,416 Sq. Ft.
Highly Desirable South Redondo Beach Location | Less Than 1 Mile from the Pacific Ocean, King Harbor & Redondo Beach Pier | Great Unit Mix of (One) 3-Bed/2-Bath Unit, (Two) 2-Bed/2-Bath Units & (One) 1-Bed/1-Bath Unit | No Local Rent Control Defaults to AB 1482 | 4,170 Square Feet of Living Space on 5,416 Square Foot Lot | Some Units Remodeled & Total of 5 Garage Spaces | Approximately 12% in Rental Upside - 3.59% Pro-Forma CAP Rate & 18.71 Pro-Forma GRM | 3.02% Current CAP Rate & 21.00 Current GRM | Minimal Utility and Common Area Expenses | Qualifies for Residential Financing | Perfect Owner User Opportunity
Agent Name:Gianluca Jacoli
Office Name:Shield Cre, Inc.
$000 Monthly Payment
Loan and interest only.
Address:1223 Amethyst St Redondo Beach, CA 90277
Building Area: 4170.0
Number of Buildings: 1
Total Units: 4
Stories Total: 2
Unit 1: 1 Unit • 3 Beds • 2 Baths • Unfurnished • $3,400 actual rent • $3,400 total rent • $3,550 pro forma
Unit 2: 1 Unit • 2 Beds • 2 Baths • Unfurnished • $2,445 actual rent • $2,445 total rent • $2,750 pro forma
Unit 3: 1 Unit • 2 Beds • 2 Baths • Unfurnished • $2,325 actual rent • $2,325 total rent • $2,750 pro forma
Unit 4: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,650 actual rent • $1,650 total rent • $1,975 pro forma
Garage Spaces: 5.0
Parking Features: Garage
Parking Total: 5.0
Lot Size: 0.12 Acres / 5,416 Sq. Ft.
Directions:South of Anita Street, East of Prospect Avenue, West of Flagler Lane, North of Beryl Street
Tax and Financial Info
Cap Rate: 3.02
Gross Income: $117,840
Net Operating Income: $74,819
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Listing agent / office Gianluca Jacoli, Shield Cre, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of September 27, 2022. 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.