1506 Phelan Ln, Redondo Beach, CA 90278

1506 Phelan Ln, Redondo Beach, CA 90278

Redondo Beach, CA
$860,000

Property Description

Lyon | Stahl is excited to present 1506 Phelan Lane, a duplex located in Redondo Beach. Built in 1955, this property has been well maintained and features (2) 2-bed/1-bath units with 1,560 SF of total living area. This property is perfect for an owner-user, or, with its huge upside in market rent potential, an ideal investment opportunity for somebody looking to expand their portfolio and acquire prime real estate in Redondo Beach.

Property Features

  • Sale Price: $860,000
  • Area Size: 1560 SF
  • Land Area: 2700 SF
  • Year Built: 1955
  • Closing Date: 7/11/18
  • Units: 2
  • Current GRM: 25.07
  • Current Cap Rate: 2.16%
  • Price Per Unit: $462,500
  • Market GRM: 16.06
  • Market Cap Rate: 4.21%

Lyon Stahl Investment Real Estate

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