2120 Huntington Ln, Redondo Beach, CA 90278

2120 Huntington Ln, Redondo Beach, CA 90278

Redondo Beach, CA
$1,600,000

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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