2109 Rockefeller Ln, Redondo Beach, CA 90278

2109 Rockefeller Ln, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

We are pleased to present an excellent investor or owner user opportunity. This 4-unit multifamily property is in a highly desirable Redondo Beach location just 10-minutes from the Beach. Nearby to major employers, popular shopping centers, trendy restaurants, lively entertainment, neighborhood parks, award winning schools, and transportation. This property is comprised of a single-story detached 3 -Bedroom/2-Bathroom home with front yard and 2-car garage and three 2-Bedroom/1-Bathroom units, each with a 1-car garage. The property qualifies for residential financing. Redondo Beach has no City Rent Control. There may be an opportunity to convert some of the garages into ADU, Buyer to verify. The interiors have had varying levels of upgrades. There is deferred maintenance and repair work needed. The Seller had an inspection performed. Please email to request a copy of the inspection report. The property is being sold “As-Is” with tenants in place. Offer subject to inspection. Offers due by Monday, 8/29/2022 at 5PM. Drive by only, please do not disturb tenants or go onto the property. Thank you.


No showings prior to offer due date. Offer subject to inspection. Please do not disturb the tenant. Seller had an inspection performed. Please Email Nancy@LyonStahl.com to request a copy of the inspection report. One unit will be delivered vacant, the remaining Tenants to remain in place. Buyer and Seller to split the Redondo Beach transfer tax. No repairs, credits or termite will be provided by the seller. Offers due by Monday, 8/29/22 at 5:00 p.m. Email offers to McKinneyMultifamily@LyonStahl.com and Include POF and pre-approval. Buyers may be asked to cross qualify.

Property Features

  • Sale Price: $2,100,000
  • Area Size: 3,509 Sq. Ft.
  • Land Area: 7,494 Sq. Ft.
  • Year Built: 1953
  • Listing Date: 8/19/2022
  • Closing Date: 10/25/2022
  • Units: 4
  • Current GRM: 16.16
  • Current Cap Rate: 4.41%
  • Price Per Unit: $500,000
  • Market GRM: 15.72
  • Market Cap Rate: 4.57%
  • Current NOI: $88,166

Lyon Stahl Investment Real Estate

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