2321 Pullman Ln Redondo Beach, CA 90278
Redondo Beach, CA$2,085,000
Property Description
Lyon Stahl is excited to present this 4-unit apartment building located in North Redondo!
This property features a unit mix of (2) 3-bed/2-bath, (1) 2-bed/2-bath and (1) 2-bed/1-bath and is situated just minutes away from Redondo Beach Unified School. With the large potential rent upside, it is a great investment opportunity for anyone looking to maximize their cash flow and build their portfolio.
Property Features
- Sale Price: $2,085,000
- Area Size: 4730 SF
- Land Area: 7494 SF
- Year Built: 1971
- Closing Date: 3/23/2018
- Units: 4
- Current GRM: 31.15
- Current Cap Rate: 1.53%
- Price Per Unit: $500,000
- Market GRM: 13.33
- Market Cap Rate: 5.82%
