New Listing – Turnkey 4-Unit Building in Redondo Beach

New Listing – Turnkey 4-Unit Building in Redondo Beach

Johnnie Stiegler and Charlie Rasmussen of Lyon | Stahl are pleased to present 2203 Voorhees Ave, a 4-unit building in Redondo Beach!

This building is offered at $2,300,000


Situated on an 8,249 SF lot, this beautiful 4,803 SF turnkey 4-unit building features a unit mix of (3) 2-bedroom/1.5-bathroom units and (1) 3-bedroom/2-bathroom unit with 6 garage parking spaces. (2) of 2-bedroom units are townhouse-style with updated plumbing and electrical throughout the entire building. The building has been fully renovated with a new roof on the front two. Two units have master suites with easy access to a balcony, while the other two units have ample space for a backyard perfect for small pets.

The units feature large living rooms with hardwood floors, kitchens, and granite countertops and nice bathrooms with modern creme colored tiles that is sure to impress you. All units have washer and dryer hookups. Built in 1969, the quadruplex currently brings in a rent income of $12,200 monthly and $146,400 annually. The location is more than ideal for investors searching for a property that holds strong rent appeal that will immediately produce steady returns and owner-users looking to immerse themselves in the plush culture Redondo Beach has to offer.

Investment Highlights: 
•Unit Mix: (3) 2-Bed/1.5-Bath & (1) 3-Bed/2-Bath
•4,803 SF Two-Story building on an 8,249 SF Lot.
•All units fully remodeled!
•Dyer and washer hookups included
•Current 4.46% CAP & 15.71 GRM in Redondo Beach!
•6 garage parking spaces
•INCREDIBLE LOCATION! 2 Miles from the beach
•Excellent turnkey investment opportunity

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