Property Detail

Description

We are pleased to present this turnkey 7-unit apartment community located in the highly desirable North Redondo Beach area. This asset comprises an extra-large unit mix with four 3-Bed/2-Baths & three 2-Bed/1-Baths. The property has been substantially upgraded, including plumbing, electric (main panel, subpanels), kitchens, bathrooms, windows, exterior paint and lighting, landscaping, and outdoor spaces and more. Large building (6,636ft) and lot size (7,505ft). With all units having been remodeled and upgrades, the property is very easy to manage and upkeep should be at a minimum. The front unit (Unit A) is an incredible owners unit with its own private yard with mature citrus trees. All 7 units are occupied by qualified, long-term, at-market tenants. NO LOCAL RENT Control subject to only AB 1482. A true turnkey asset and easy to secure quality insurance based on key upgrades to electrical and other infrastructure that are carrier-sensitive. Extremely walkable neighborhood, with restaurants, markets, breweries and local retail up-and-down surrounding blocks.