2211 Grant Ave, Redondo Beach, CA 90278

2211 Grant Ave, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

Lyon | Stahl is pleased to present this beautiful 6-Unit apartment building in Redondo Beach. Located less than 10 minutes from the ocean, this property boasts 1972 construction and features six large 2-bedroom/2-bathroom units with their own private 2-car garages. With great in-place income and significant upside rent potential, this is an excellent opportunity for an investor to come in and make some minor upgrades and command top of the market rents. Each unit features approximately 1,120 SF of total living area with an open living room/kitchen layout and large walk-in closets. Four of the units have been updated with laminate flooring and other general upgrades.

Property Features

  • Sale Price: $2,850,000
  • Area Size: 6,720 SF
  • Land Area: 7,503 SF
  • Year Built: 1972
  • Listing Date: 8/26/18
  • Closing Date: 9/27/2019
  • Units: 6
  • Current GRM: 18.70
  • Current Cap Rate: 3.35%
  • Price Per Unit: $500,000
  • Market GRM: 15.58
  • Market Cap Rate: 4.39%
  • Current NOI: $100,447

Lyon Stahl Investment Real Estate

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