1810 Speyer Ln, Redondo Beach, CA 90278

1810 Speyer Ln, Redondo Beach, CA 90278

Redondo Beach, CA
$1,750,000

Property Description

INVESTMENT HIGHLIGHTS

  • BOTH UNITS WILL BE DELIVERED VACANT
  • ZONED R-2 FOR FUTURE DEVELOPMENT
  • 2,984 SQFT BUILDING SITUATED ON A 7,510 SQFT LOT
  • WASHER/DRYER HOOK-UPS IN BOTH UNITS
  • UNIT MIX: (1) 3-BED/1-BATH UNIT, (1) 4-BED/2-BATH UNITS

EXECUTIVE SUMMARY

The Stiegler | Takahashi Group is pleased to present 1810 Speyer Lane in Redondo Beach. This duplex consists of (1) 3-Bedroom, 1- Bathroom unit in the front, and (1) 4-bedroom, 2-Bathroom unit in the back. In the back (4-Bed/2-Bath) unit, the two-car garage has been converted into a spacious Office/Bonus Room that is accessible from inside the kitchen. There is 2,984 SqFt of total living area, situated on a 7,510 SqFt lot, zoned R-2. Both units are completely separated and do not share a wall. Both units will be delivered vacant, which makes this property perfect for an owner/user who can rent the second unit out to offset the mortgage, or for a clean property investment in which full market rents are available from day one. Both units have their own private outdoor patio area for comfortable living. There is plenty of driveway parking on this property to park a minimum of 5 vehicles without blocking the driveway.

Property Features

  • Sale Price: $1,750,000
  • Area Size: 2,984 Sq. Ft.
  • Land Area: 7,510 Sq. Ft.
  • Year Built: 1954
  • Listing Date: 4/1/2023
  • Closing Date: 6/2/2023
  • Units: 2
  • Current GRM: 17.36
  • Current Cap Rate: 3.75%
  • Price Per Unit: $875,000
  • Market GRM: 17.36
  • Market Cap Rate: 3.75%
  • Current NOI: $ 65,659