Significant Price reduction. The lowest price per sq. Ft. Units in all of Redondo Beach - only $446/sq.ft. Which means lots of rent upside. Four Unit building in El Nido area of North Redondo. Rents have not been raised in a long time and approximately 60% in rental upside. All units have 2 bathrooms. Two bedroom + 2 bath front house. In the back are two more 2 bedroom + 2 bath units, as well as a 3 bedroom + read more 2 bath owner's unit. Four Garage Spaces. 14.46 GRM and 4.84% cap rate at Market Rents. Front house built in 1953. Back 3 units built in 1963.
This listing provided courtesy of California Regional Multiple Listing Service ("CRMLS"). The information contained in this listings had not been verified by us or the MLS and should be verified by the buyer.
Last Updated: Oct 24th, 2021. Source: CRMLS