1816 Marshallfield Ln, Redondo Beach, CA 90278

1816 Marshallfield Ln, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

An amazing triplex in sought after North Redondo Beach! Only 4 blocks walking distance to highly rated Jefferson school and approx. 2 mi. from the beach, shops, restaurants, etc.Great investment or owner-user property. All units are in clean condition with own patio space.

<strong>Investment Highlights:
<li style=”font-weight: 400;”>Unit mix contains: 2-(3-bedroom+2-bath) &amp; 1-(2-bedroom+2-bath)</li>
<li style=”font-weight: 400;”>All units are in GREAT condition, a pride of ownership property</li>
<li style=”font-weight: 400;”>Front unit (3+2)(owners, highly upgraded):also has an enclosed front yard &amp; beautiful finishes</li>
<li style=”font-weight: 400;”>Middle unit (2+2):large balcony off the Master, 2 walk-in closets and patio space at entrance.</li>
<li style=”font-weight: 400;”>Back unit (3+2):Large with new kitchen,  indoor/outdoor space</li>
<li style=”font-weight: 400;”>All units have a private large 2-car garage, &amp; plenty of storage space</li>
<li style=”font-weight: 400;”>There is a bonus 2-car garage is onsite making a total of 8 enclosed parking with 10 total parking spaces on site, perfect for all car lovers or additional cash flow!</li>

Property Features

  • Sale Price: $1,925,000
  • Area Size: 2,628 SF
  • Land Area: 10,000 SF
  • Year Built: 1985
  • Closing Date: 3/1/19
  • Units: 3
  • Current GRM: 20.85
  • Current Cap Rate: 3.23%
  • Price Per Unit: $631,666.67
  • Current NOI: $61,255.20