1314 Agate St, Redondo Beach, 90277

1314 Agate St, Redondo Beach, 90277

Redondo Beach, CA
$2,350,000

Property Description

1314 Agate Street is a well-positioned 4-Unit in Redondo Beach. Built in 1963, the 4,186 SF building sits on a 5,537 SF lot, and features (1) 4-bed/2-bath unit with a 2-Car Garage, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit with a shared 3-Car Garage. Currently sitting at a 3.70% cap rate, there is upside potential of a 4.18% market cap. Given the ideal location in a high-growth city and consistent income of over $10,900/mo., this is a great opportunity to own a quality asset for any Los Angeles CRE investor.

Property Features

  • Sale Price: $2,350,000
  • Year Built: 1963
  • Listing Date: May 9, 2022
  • Units: 4
  • Current GRM: 17.93
  • Current Cap Rate: 3.70%
  • Market GRM: 16.46
  • Market Cap Rate: 4.18%

Lyon Stahl Investment Real Estate

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