Just Listed – 4 Unit Building For Sale in Redondo Beach
Brett Lyon and Woody Stahl of Lyon | Stahl Investment Real Estate are pleased to present 1324 Amethyst St, a 4 unit apartment building for sale in Redondo Beach!
Listed at $1,195,000 this building was built in 1963, has a cap rate of 1.88% and an NOI of $96,131.
This 4,378 SF building was built in 1963 and is centrally located near restaurants, shops, and the beach. Situated on a 5,490 SF lot, this property features five (5) garages and a desirable unit mix consisting of one (1) 3- bed/2.5-bath, two (2) 2-bed/2-bath, and one (1) 1-bed/1-bath unit. The property contains all copper plumbing, as well as a new flat roof (2016), deck (2018), and fence. The building was also recently painted and landscaped with drought-resistant material (water efficient drip system). Additionally, Unit A has been partially remodeled with granite countertops and a new stove.
Given the great location and high upside in market rent potential (over 50% increase in potential rent), this property is an excellent opportunity for any investor looking to acquire prime Redondo Beach real estate.
● 4,170 SF building situated on 5,490 SF of land
● Desirable unit mix consisting of (1) 3-bed/2.5-bath, (2) 2-bed/2-bath, & (1) 1-bed/1-bath unit
● Property features all copper plumbing, a new flat roof (2016), & new deck (2018)
● Fencing has been replaced, exterior has been repainted, & drought resistant landscaping installed
● Unit A has been partially remodeled | New granite and stove top
● Excellent location | Minutes from Pacific Coast Hwy, Redondo Union High School, and local shopping centers
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