108 N Prospect Ave, Redondo Beach, CA 90277

108 N Prospect Ave, Redondo Beach, CA 90277

Redondo Beach, CA

Property Description

Lyon Stahl is pleased to present 180 N Prospect, a recently updated 4-unit in South Redondo Beach. The building was built in 1973 and consists of 4,949 SF of living space situated on a 6,428 SF lot. The property offers all townhomes style units consisting of (1) 3-bed/2.5-bath owner’s unit & (3) 2-bed/1.5-bath units. 108 N Prospect Street features private patios for each unit, an on-site laundry facility, and (3) 2-car garages. Given the ideal location and in-place income, this is an excellent opportunity for an owner-user or a yield-focused investor to acquire an asset in Prime Redondo Beach.

Property Features

  • Sale Price: $2,200,000
  • Area Size: 4492 SF
  • Year Built: 1973
  • Listing Date: 6/21/2021
  • Units: 4
  • Current GRM: 19.14
  • Current Cap Rate: 3.46%
  • Market GRM: 14.61
  • Market Cap Rate: 5.03%

Lyon Stahl Investment Real Estate

Keep In Touch