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Come see this turnkey 4-unit apartment complex in a great neighborhood with award winning schools! Imagine living in one of the units with a preferred owner-occupancy interest rate, while collecting rents from the other three units! Each of the four 2-bed, 1 bath units are in nearly identical condition and have the same open floorplan with a combined kitchen/dining/living room. They have updated kitchens and baths with stone counters, stainless steel appliances and fixtures, tile and vinyl floors, vinyl windows, private laundry in the hall, and access to their own private patio through the kitchen door for west-facing sun. There is parking for 8+ vehicles, including the (4) partitioned 1-car garages. A common bricked yard and storage compartment is located at the rear of the lot - an opportunity for a shared grill, bike rack, etc. There's some upside potential for increased rents when the 3 leases expire. Gross annual income of $122,000. NET annual income of $86,400 and a 3.84% CAP.
Property Type(s):
Residential Income
| Last Updated | 4/21/2025 | Year Built | 1957 |
|---|---|---|---|
| Community | N Redondo Bch/Villas South | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Dryer, Gas Range, Gas Water Heater, Range Hood, Refrigerator, Washer |
| AREA | N Redondo Bch/Villas South |
| CONSTRUCTION | Drywall, Stucco |
| GARAGE | Assigned, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front, Yes |
| HEAT | Wall Furnace |
| INTERIOR | Bedroom on Main Level, Ceiling Fan(s), Quartz Counters, Unfurnished |
| LOT | 7494 sq ft |
| LOT DESCRIPTION | Landscaped, Level, Rectangular Lot |
| PARKING | Assigned,Concrete,Driveway,Garage Faces Front,Garage,Garage Door Opener |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Available,Water Connected, Electric: Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | RBR-3 |
Location
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Listed with eXp Realty of California Inc
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