Property Detail

Description

Incredible Investment Opportunity: Fully occupied, remodeled 3 unit income property with a detached studio and spacious warehouse, located west of Avalon Blvd and south of Redondo Beach Blvd. This high demand property boasts a 5.4% cap rate and an 18.4 GRM, generating $6,300 monthly ($75,600 annually). Breakdown: Unit 100 2 beds, 1 bath ($1,800); Unit 102 Studio ($1,200); Unit 200 1 bed, 1 bath + office ($1,700); Unit 201 1 bed, 1 bath ($1,600). Features include quartz countertops, stainless appliances, in-unit washers/dryers, and new HVAC. The 1,000 sq. ft. warehouse offers conversion potential (buyer to verify) under flexible LCM1-B1 zoning, supporting future development. Ideal for first time and seasoned investors or 1031 exchanges, with stable income, low maintenance, and expansion options. Conveniently near freeways, transport, shopping, and diningdon't miss this prime portfolio addition.