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.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
4/21/2025
|
|
YEAR BUILT
|
1957
|
COMMUNITY
|
N Redondo Bch/Villas South
|
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| 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 |
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Listed with eXp Realty of California Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/22/25 1:26 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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