Description

Great investment opportunity for serious and experience investor/buyer. 4-Plex apartment building in North Redondo Beach available for sale $2.1 Million. PRINCIPLE ONLY. Serious requests only please. Must have Lender loan pre approval letter and proof of funds. This is a great and rare opportunity. There are no listings for a 4 plex in MLS in Redondo Beach.

#A- 3 Bdr, 1.5 Bath
#B & #C -- 2Bdr, 1.5 Bath
#D- 2Bdr, 1.75 Bath

All 4 units occupied with tenants. (long term tenants being below asking rents for this area) this property is not subject to "rent control" and as such bringing in new tenants at a higher rate would be possible almost immediately. The property also features large balcony for each unit, and on-site laundry

Highlights

Prime Redondo Beach Location
Great Rental Income, Great Upside Potential - low Cap rate based on current rent
Walking Distance to the Pier & Park, market, shops and restaurants and minutes drive to the mall and beach. Located only minutes from the beach and the 405 and 110 freeways.
Distinguished School District for Elementary and high school.