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Just Closed – Duplex in Redondo Beach | $860,000

Just Closed – Duplex in Redondo Beach | $860,000

Lyon | Stahl is excited to have closed 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

 

Investment Highlights

● Duplex consisting of (2) 2-bed/1-bath units | Market CAP of 4.51% and GRM of 15.19

● 1,560 SF building situated on 2,700 SF lot | Well-maintained property

● Conveniently located near the South Bay Galleria, beach, and 405 FWY

● Perfect for an owner-user or as an investment property | Major upside in market rent potential

 

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