2120 Huntington Ln, Redondo Beach, CA 90278

2120 Huntington Ln, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

We are pleased to present an excellent investor or owner user opportunity. This 3-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 front single-story 2 -Bedroom/1-Bathroom home with front yard and 1-car garage and two 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 are 5-1-car garages which may present the opportunity for conversion to an ADU, Buyer to verify. The two 2-Bedroom/1-Bath units have had an interior remodeled including being repiped with PEX piping. The front home received an interior update one year ago. The Seller had a pre-listing inspection performed. Please email to request a copy of the inspection report. The property is being sold “As-Is”. Offer subject to inspection. Drive by only, please do not disturb the tenants. Thank you.

Property Features

  • Sale Price: $1,600,000
  • Area Size: 2,828 Sq. Ft.
  • Land Area: 7,472 Sq. Ft.
  • Year Built: 1967
  • Listing Date: 2/25/2023
  • Closing Date: 5/5/2023
  • Units: 3
  • Current GRM: 19.04
  • Current Cap Rate: 3.50%
  • Price Per Unit: $583,333
  • Market GRM: 18.18
  • Market Cap Rate: 3.74%
  • Current NOI: $61,198

Lyon Stahl Investment Real Estate

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