2420 Grant AVE Redondo Beach, CA 90278
Active
$3,875,000
5 Units
11 Beds
7 Baths
4,250 Area(sq.ft.)
7,509 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 4,750 | $ 4,750 | $ 4,750 |
| Unit 2 | 1 | 3 | 2 | No | $ 4,500 | $ 4,500 | $ 4,500 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,800 | $ 3,800 | $ 3,800 |
| Unit 4 | 1 | 2 | 1 | No | $ 3,400 | $ 3,400 | $ 3,400 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,750 | $ 2,750 | $ 2,750 |
| 5 | 5 | 11 | 7 | $ 19,200 | $ 19,200 | $ 19,200 |
| MLS #: | SB25027922MR |
| Days On Market: | 0 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 912 |
| Price per unit: | $ 775,000 |
| Year Built: | 1952 |
Property Details
Welcome to 2420 Grant Avenue, a beautifully remodeled 5-unit multi-family property in the heart of Redondo Beach, offering a perfect blend of modern luxury and coastal charm. This exceptional investment opportunity features two 3-bedroom, 2-bath units, two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit, all designed for maximum comfort and rental appeal. With a gross operating income of $231,108, this property presents a strong return in a thriving rental market. Each unit has been thoughtfully upgraded with individually controlled air conditioning, in-unit washer and dryer, and modern dishwashers, ensuring a seamless living experience for tenants. The open floorplans create a bright and airy ambiance, maximizing both space and natural light. Outdoor areas are designed for privacy and enjoyment, with a private front yard for the 2-bedroom unit, private backyards for the 3-bedroom units, and a shared courtyard for the upstairs units, providing inviting spaces for relaxation and entertaining. Located in a highly desirable coastal community, this property is just moments from stunning beaches, top-rated schools, and a vibrant local scene, making it a prime choice for renters seeking the best of Southern California living. With its beach-inspired exterior, high-end finishes, and ideal location, 2420 Grant Avenue stands out as an exceptional turnkey investment opportunity in one of Los Angeles County s most sought-after markets.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 168,709 |
| Cap Rate: | 4.35% |
Structure
| Community Features: | Biking, Gutters, Storm Drains, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | RBR-3 |
| Land Lease Type: | Fee |
Interior
| Laundry: | Dryer, Dryer Included, Gas Dryer Hookup, In Closet, Inside, Laundry Closet Stacked, Stackable W/D Hookup, Washer, Washer Hookup, Washer Included |
Exterior
| Pool: | No |
Detailed Map
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Income
