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$4,200,000
Est. payment /mo
12 Beds
11 Baths
7,564 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SB26049914
Bedrooms 12
Lot Size 7,564 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Now Fully Leased! Enormous brand new ground up construction 5 unit property (3+2 ADUs) with over 7200 rentable square feet on a 7500 square foot corner lot, located in the desirable North Redondo Beach. The property consists of five 3-bedroom units with modern high-end finishes, brand new stainless steal kitchen appliances, central AC, and new washer/dryers in every unit. Three units offer 3 bedrooms and 3 bathrooms, while two units feature 3 bedrooms and 2 bathrooms. The larger units include private balconies and two-car garages on the ground level along with a secondary primary suite, while the second level features open-concept living spaces and additional bedrooms. Two units also include a spacious loft overlooking the living area plus a third floor balcony. Super low expense building - all electric with separate meters for each unit and separate water meters for each unit, no gas. Property also includes solar panels for electricity generation and electric car charger conduits in the garages. Located just a short e-bike ride to the beach with easy access to the 405 freeway, this property offers strong rental appeal in a prime South Bay location. Projected 5% cap rate and 13.7 GRM, making this an attractive opportunity for investors seeking a newly built asset with low maintenance and modern layouts in a high-demand rental market.
Location
State CA
County Los Angeles
Zoning Builder
Direction Just North of Artesia Blvd and Inglewood Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 4153031024
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Anthony Walker, DRE#01908153 Buckingham Investments, Inc
Nearby School & Business
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