Closed – 4 Units in Redondo Beach | $2,100,000

Closed – 4 Units in Redondo Beach | $2,100,000

Brett Lyon and Woody Stahl of Lyon | Stahl Investment Real Estate are pleased to have closed 2215 Voorhees Ave, a 4-unit property in Redondo Beach! 

This property sold for $2,100,000

The front unit (owner’s unit) consists of a large townhome style 3-bed/2-bath unit with a fireplace, private front yard, and was recently updated. The remaining three units are all (3) 2-bed/1.5-bath townhome style units. All units have laundry hookups, private patios, and are separately metered for electricity.
 .
.
Investment Highlights:

  • Sought After 4-Unit Building in North Redondo Beach
  • All Townhome Style Units with Private Patios
  • Individual Water Heaters and Separately Metered for Electricity
  • Easy 4.5% CAP Rate with Increasing Rents to Market Price
  • 7 Garage Spaces


.
County Overview:

The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. The metropolis – formed by the six neighboring counties of Los Angeles, Ventura, Kern, San Bernardino, Riverside, and Orange – is home to approximately 19 million residents. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates. Los Angeles County has the largest population of any county in the nation, exceeded only by eight states. According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic growth, in contrast to other areas of the state and nation, is due to its diversified
economy and abundant, well-trained workforce.

.

For future listings: