1300 Agate ST Redondo Beach, CA 90277
Active
$1,995,000
4 Units
4 Beds
4 Baths
3,680 Area(sq.ft.)
5,453 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
Unit 1 | 1 | 3 | 3 | No | n/a | n/a | $ 4,500 |
Unit 2 | 3 | 1 | 1 | No | $ 5,487 | $ 5,487 | $ 6,750 |
2 | 4 | 6 | 6 | $ 16,461 | $ 16,461 | $ 24,750 |
MLS #: | PW24239001MR |
Days On Market: | 0 |
County: | Los Angeles |
Property Type: | Residential Income |
Price per ft2: | $ 542 |
Price per unit: | $ 498,750 |
Year Built: | 1963 |
Property Details
This versatile 4-unit property offers an incredible opportunity for both owner-users and investors. The front unit, a spacious 3-bedroom residence, making it perfect for immediate occupancy or market-rate rental potential. The remaining three units are generously sized 1-bedroom apartments, each with a single-car garage for added convenience. The property features additional parking and storage, along with a rear area that offers potential for an ADU, enhancing its long-term value and rental potential. Situated just blocks from Hermosa Beach and centrally located to everything Redondo Beach has to offer, this property provides a coveted coastal lifestyle. With significant rental upside and a location that combines convenience and charm, this is a rare find in one of the most desirable beachside communities. Don't miss this opportunity to invest in a prime location with endless possibilities!Interested in this Listing?
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Income Details
Rent Control: | False |
Total Annual Expense: | $ 45,464 |
Net Operating Income: | $ 68,387 |
Cap Rate: | 3.5% |
Gross Rent Multiplier: | 16.27 |
Actual Gross Rent: | $ 5,487 |
Structure
Community Features: | Biking, Dog Park |
Sewer: | Public Sewer |
Water: | Public |
Land & Parking
Zoning: | RBRMD |
Land Lease Type: | Fee |
Interior
Laundry: | Gas Or Electric Dryer Hookup |
Exterior
Pool: | No |
Detailed Map
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