2012 Plant Ave, Redondo Beach, CA 90278

2012 Plant Ave, Redondo Beach, CA 90278

Redondo Beach, CA

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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