108 N PROSPECT Avenue
Redondo Beach, CA 90277
4492 sqft | 0.14 acres | #21679768
Description
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 stabilized 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 property consists of four townhouse-style units made up of (1) three-bed/two-and-a-half-bath owners unit & (3) two-bed/one-and-a-half-bath. The 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. Market rents in the area give this property 23% potential upside. Buyer to do their own due diligence. PLEASE DO NOT DISTURB THE TENANTS.
Property Details
- Property TypeResidential Income
- StyleTraditional
- CountyLos Angeles
- MLS #21679768
- MLS #21679768
- Square Feet4492.00
- Cost2389000
- Acres0.1400
- Year Built1973
- Garage Spaces6.00
- Built In1973
- Stories2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Nabil Awada (#CLW-C135634)
Listing Office: Matthews Real Estate Investment Services (#CLW-X81530)
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