2518 Gates AVE Redondo Beach, CA 90278
Active
$1,795,000
3 Units
6 Beds
4 Baths
2,710 Area(sq.ft.)
7,512 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,650 | $ 1,650 | $ 2,000 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,700 | $ 2,700 | $ 3,000 |
| Unit 3 | 1 | 3 | 2 | No | $ 3,595 | $ 3,911 | $ 4,000 |
| 3 | 3 | 6 | 4 | $ 7,945 | $ 8,261 | $ 9,000 |
| MLS #: | SB24242537MR |
| Days On Market: | 11 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 662 |
| Price per unit: | $ 598,333 |
| Year Built: | 1951 |
Property Details
This 3 unit property is on a full 50X150 lot(BTV) and in a area of North Redondo Beach. It offers a wonderfull investment opportunity with its desirable location and versatile layout. The 3-unit property features a front house with 2 bedrooms and 1 bathroom, providing a single-family home feel with its own private driveway. The middle unit has 1 bedroom and 1 bathroom, while the back unit boasts 3 bedrooms and 2 bathrooms, featuring upgrades and a separate driveway. These two distinct driveways enhance privacy between units, making the front house feel like an independent home. The property's proximity to award-winning Redondo Beach schools, shopping centers (including the South Bay Galleria), grocery stores, dining options, freeways, parks (such as Perry Park), and recreational areas adds to its appeal. Whether you're looking for a stable rental income or long-term appreciation, the versatile layout and ideal location offer excellent potential for various rental strategies. With its prime location, this property is perfect for investors seeking both convenience and long-term growth in one of the most desirable beach cities. Don t miss this opportunity to secure a piece of Redondo Beach real estate! Buyer and buyer's agent to verify all information.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 6,500 |
| Net Operating Income: | $ 92,632 |
| Actual Gross Rent: | $ 97,740 |
Structure
| Community Features: | Curbs, Sidewalks, Storm Drains, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | RBR-3 |
| Land Lease Type: | Fee |
Interior
| Laundry: | Washer Hookup |
Exterior
| Pool: | No |
Detailed Map
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Income
