2513 Grant Avenue

    Redondo Beach, CA 90278
    • $2,300,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 18398898
    UPDATED: 16 min ago
    $2,300,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,212
      SQFT
    • $546
      $/SQFT
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    We are pleased to present 2513 Grant Avenue, a non rent-control 6-unit apartment building located in Redondo Beach, California. This value-add investment opportunity features all 2 Bedroom/1 Bathroom units with their own single car garage. Units average 702 square feet and are well laid out. All tenants are month-to-month and there are currently three Section 8 tenants. Each unit has their own water heater and the building is individually metered for gas and electricity. There is also an on-site laundry room for tenant convenience. One unit is currently vacant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T13:31:10.623. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88707645

    2513 Grant Avenue Redondo Beach, CA 90278

    • Price: $2,300,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: 18398898
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,212
    SQFT
    $546
    $/SQFT
    1959
    Built
    Neighborhood:
    152 - N Redondo Bch/Villas South
    County:
    Los Angeles
    Area:
    152 - N Redondo Bch/Villas South
    Property Description
    We are pleased to present 2513 Grant Avenue, a non rent-control 6-unit apartment building located in Redondo Beach, California. This value-add investment opportunity features all 2 Bedroom/1 Bathroom units with their own single car garage. Units average 702 square feet and are well laid out. All tenants are month-to-month and there are currently three Section 8 tenants. Each unit has their own water heater and the building is individually metered for gas and electricity. There is also an on-site laundry room for tenant convenience. One unit is currently vacant.
    Exterior Features

    Lot Features Sprinklers None Lot Size Units Square Feet

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Gross Multiplier 16.20 Gross Operating Income 139194.00 Improvements Amount 485716 Land Value 728576 Net Operating Income 90621.00 Special Listing Conditions Standard Total Expenses 48573.00 Zoning Rbr-3

    Listing provided courtesy of Eva Kwag of Keller Williams Beach Cities and Brian Dempsey of Keller Williams Beach Cities.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T13:31:10.623. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604