2513 Carnegie LN Redondo Beach, CA 90278
Active
$2,350,000
3 Units
9 Beds
6 Baths
4,342 Area(sq.ft.)
7,504 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
Unit 1 | 1 | 3 | 2 | No | $ 3,350 | $ 3,350 | $ 4,000 |
Unit 2 | 1 | 3 | 2 | No | $ 3,550 | $ 3,550 | $ 4,000 |
Unit 3 | 1 | 3 | 2 | No | $ 3,400 | $ 3,400 | $ 4,000 |
3 | 3 | 9 | 6 | $ 10,300 | $ 10,300 | $ 12,000 |
MLS #: | SB24225852MR |
Days On Market: | 3 |
County: | Los Angeles |
Property Type: | Residential Income |
Price per ft2: | $ 541 |
Price per unit: | $ 783,333 |
Year Built: | 1962 |
Property Details
Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!Interested in this Listing?
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Income Details
Rent Control: | Yes |
Total Annual Expense: | $ 42,459 |
Net Operating Income: | $ 73,251 |
Cap Rate: | 3.1% |
Gross Rent Multiplier: | 19.29 |
Structure
Community Features: | Biking, Park, Urban |
Sewer: | Public Sewer |
Water: | Public |
Land & Parking
Zoning: | RBR-3 |
Land Lease Type: | Fee |
Interior
Laundry: | Laundry Area |
Exterior
Pool: | No |
Detailed Map
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