2020 Graham AVE Redondo Beach, CA 90278
Active
$5,300,000
15%
12 Units
19 Beds
13 Baths
12,056 Area(sq.ft.)
15,006 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,600 | $ 2,600 | $ 3,000 |
| Unit 10 | 1 | 1 | 1 | $ 1,700 | n/a | $ 2,400 | |
| Unit 11 | 1 | 1 | 1 | $ 1,700 | n/a | $ 2,500 | |
| Unit 12 | 1 | 2 | 1 | $ 2,400 | n/a | $ 3,000 | |
| Unit 2 | 1 | 2 | 2 | $ 3,000 | n/a | $ 3,200 | |
| Unit 3 | 1 | 1 | 1 | $ 2,100 | n/a | $ 2,400 | |
| Unit 4 | 1 | 2 | 1 | $ 2,200 | n/a | $ 3,000 | |
| Unit 5 | 1 | 2 | 1 | $ 2,700 | n/a | $ 3,100 | |
| Unit 6 | 1 | 2 | 1 | $ 2,600 | n/a | $ 3,100 | |
| Unit 7 | 1 | 1 | 1 | $ 1,700 | n/a | $ 2,400 | |
| Unit 8 | 1 | 1 | 1 | $ 2,000 | n/a | $ 2,500 | |
| Unit 9 | 1 | 2 | 1 | $ 2,200 | n/a | $ 3,000 | |
| 12 | 12 | 19 | 13 | $ 26,900 | $ 2,600 | $ 33,600 |
| MLS #: | SB25001636MR |
| Days On Market: | 68 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 440 |
| Price per unit: | $ 441,667 |
| Year Built: | 1970 |
Property Details
Graham Street is a rare find! Built in 1970 s and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach s best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location. A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy. Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 5.6% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 18 parking spaces consisting of tuck under and separate building all have storage. This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 313,000 |
| Total Annual Expense: | $ 96,630 |
| Net Operating Income: | $ 216,370 |
| Cap Rate: | 4.1% |
| Gross Rent Multiplier: | 16.40 |
| Actual Gross Rent: | $ 322,800 |
Structure
| Community Features: | Curbs, Gutters, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | RBR-2 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Driveway, Driveway - Brick, Garage |
| Total Parking: | 18 |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | None |
| Equipment: | Community, Dishwasher, Laundry Area, Other |
| Fireplace Rooms: | None |
| Laundry: | Community, Laundry Area, Other |
Exterior
| Pool: | No |
Detailed Map
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