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Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Property Type(s):
Residential Income
| Last Updated | 11/1/2024 | Year Built | 1962 |
|---|---|---|---|
| Community | N Redondo Bch/Villas South | Garage Spaces | 2.0 |
| County | Los Angeles |
Additional Details
| AREA | N Redondo Bch/Villas South |
|---|---|
| GARAGE | Yes |
| LOT | 7504 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | RBR-3 |
Location
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Listed with Buckingham Investments, Inc
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