2013 Rockefeller Ln Redondo Beach, CA 90278
Active
$3,950,000
11 Units
13 Beds
11 Baths
6,467 Area(sq.ft.)
7,498 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,650 | $ 2,650 | $ 3,150 |
| Unit 10 | 1 | 1 | 1 | No | $ 1,800 | $ 1,800 | $ 2,550 |
| Unit 11 | 1 | 1 | 1 | No | $ 2,250 | $ 2,250 | $ 2,895 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,800 | $ 1,800 | $ 2,550 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,150 | $ 2,150 | $ 2,550 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,975 | $ 1,975 | $ 2,550 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,150 | $ 2,150 | $ 2,550 |
| Unit 6 | 1 | 2 | 1 | No | $ 2,650 | $ 2,650 | $ 3,150 |
| Unit 7 | 1 | 1 | 1 | No | $ 1,800 | $ 1,800 | $ 2,550 |
| Unit 8 | 1 | 1 | 1 | No | $ 1,800 | $ 1,800 | $ 2,550 |
| Unit 9 | 1 | 1 | 1 | No | $ 1,800 | $ 1,800 | $ 2,550 |
| 11 | 11 | 13 | 11 | $ 22,825 | $ 22,825 | $ 29,595 |
| MLS #: | 25506893 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 611 |
| Price per unit: | $ 359,091 |
| Year Built: | 1964 |
Property Details
Outstanding North Redondo Location - Approximately 1.5 Miles from the Pacific Ocean | Five Units Fully Renovated with New Floors, Appliances, Doors, Windows, Cabinets, Quartz Counters, LED Recess Lights, Crown Molding, Bathroom Vanities, Tiles & Porcelain Tubs | Unit Mix of (Two) 2-Bedroom/1-Bathroom Units, (One) Newly Built 1-Bedroom/1-Bathroom + Loft ADU & (Eight) 1-Bedroom/1-Bathroom Units | 4.76% Cap Rate & 14.42 GRM | 6.76% Pro-Forma Cap Rate & 11.12 Pro-Forma GRM | No Local Rent Control - Defaults to AB 1482 | New Cool Roof | 3 Tankless Water Heaters Tremendous Curb Appeal - Freshly Painted Building, Front Redwood Fence and New Planters, Drought-Efficient Landscaping, Irrigation & Astroturf | New Fascia, Gutters & Exterior LED Lights | Most Electrical Panels Replaced New Copper Water Line | Total of 10 Garages | Laundry Room with Newer Machines | Close Proximity to Hermosa Beach Pier, Pier Avenue, King Harbor, Redondo Beach Pier & Downtown Hermosa BeachInterested in this Listing?
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Income Details
| Gross Operating Income: | $ 266,053 |
| Total Annual Expense: | $ 77,991 |
| Net Operating Income: | $ 188,073 |
| Gross Annual Income: | $ 274,282 |
| Cap Rate: | 4.76% |
| Gross Rent Multiplier: | 14.42 |
| Actual Gross Rent: | $ 273,900 |
| Actual Gross Income: | $ 274,282 |
| Actual Rent Total: | $ 273,900 |
Structure
| Type of Units: | 2+1, 1+1 |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | RBR-3 |
| Parking Garage: | Garage |
| Covered Parking: | 10 |
| Total Parking: | 10 |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
| Laundry: | Room, Laundry Area |
| Laundry Equipment: | Own |
Exterior
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