2012 Plant Ave, Redondo Beach, CA 90278

2012 Plant Ave, Redondo Beach, CA 90278

Redondo Beach, CA
$1,150,000

Property Description

Lyon Stahl is excited to present 2012 Plant Ave in Redondo Beach! This North Redondo Beach duplex features 1,452 SF of living space on a 6,658 SF lot. Built in 1955, this property has been well-maintained and contains a landscaped yard and a large driveway with a 2-car garage. The front 2-bed/1- bath unit features a fenced in front yard area; the 2- bed/1-bath unit also included its own fenced in private yard.

This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historical low. Hitting the market for the first time 2008, 2012 Plant Ave is an excellent owner-user buy, allowing for an owner to live in one unit and enjoy the top of the market rental income from the other.

<strong>Investment Highlights:</strong>

• North Redondo Duplex Situated on a Large 6,658 SF Lot
• (2) 2-Bed/1-Bath Houses | 1,452 SF of Living Space
• Private Front &amp; Rear Yards | Detached 2-Car Garage
• Two Blocks to Manhattan Beach – Short Distance to Redondo Beach Performing Arts Center, Polliwog Park, and South Bay Development Project

Property Features

  • Sale Price: $1,150,000
  • Area Size: 1,452 SF
  • Land Area: 6,658 SF
  • Year Built: 1955
  • Listing Date: 1/16/20
  • Closing Date: 4/10/20
  • Units: 2
  • Current GRM: 27.41
  • Current Cap Rate: 2.05%
  • Market GRM: 20.42
  • Market Cap Rate: 3.15%

Lyon Stahl Investment Real Estate

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