1906 Marshallfield Ln Redondo Beach, CA 90278
Active
$1,390,000
4%
2 Units
5 Beds
2 Baths
1,857 Area(sq.ft.)
7,507 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 1 | No | $ 3,850 | $ 3,850 | $ 3,850 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,150 | $ 3,150 | $ 3,150 |
| 2 | 2 | 5 | 2 | $ 7,000 | $ 7,000 | $ 7,000 |
| MLS #: | 24-467423 |
| Days On Market: | 23 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 749 |
| Price per unit: | $ 695,000 |
| Year Built: | 1961 |
Property Details
VALUE-ADD OPPORTUNITY! PRICE REDUCED! Located just moments from the Hermosa Beach Pier, King Harbor, and Redondo Beach Pier, this exceptional property features two homes on a large 7,507-square-foot lot in the highly sought-after North Redondo neighborhood. The front 2-bedroom, 1-bathroom house and rear 3-bedroom, 1-bathroom house each come with washer/dryer hookups and offer a fantastic opportunity for both owner-users and investors. With no local rent control and qualifying for residential financing, this property can be delivered 100% vacant, making it ideal for immediate occupancy.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 81,480 |
| Total Annual Expense: | $ 23,745 |
| Net Operating Income: | $ 57,735 |
| Gross Annual Income: | $ 84,000 |
| Cap Rate: | 4.15% |
| Gross Rent Multiplier: | 16.55 |
| Actual Gross Rent: | $ 80,400 |
| Actual Rent Total: | $ 80,400 |
Structure
| Type of Units: | 3+1, 2+1 |
| Buildings: | 2 |
| Levels: | One |
Land & Parking
| Zoning: | RBR-2 |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
| Laundry: | In Unit |
Exterior
Detailed Map
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