2215 Voorhees Ave, Redondo Beach, CA 90278

2215 Voorhees Ave, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

<div>Lyon | Stahl is pleased to present 2215 Voorhees, a 4-unit apartment building well located in North Redondo Beach. The front unit (owner’s unit) consists of a large townhome style 3-bed/2-bath unit with a fireplace, private front year, and was recently updated. The remaining three units are all (3) 2-bed/1.5-bath townhome style units. All units have laundry hookups, private patios, and are separately metered for electricity.</div>
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<div><strong><strong>Investment Highlights:
<li>Sought After 4-Unit Building in North Redondo Beach</li>
<li>All Townhome Style Units with Private Patios</li>
<li>Individual Water Heaters and Separately Metered for Electricity</li>
<li>Easy 4.5% CAP Rate with Increasing Rents to Market Price</li>
<li>7 Garage Spaces</li>

Property Features

  • Sale Price: $2,100,000
  • Area Size: 4,645 SF
  • Land Area: 7,484 SF
  • Year Built: 1967
  • Closing Date: 7/1/19
  • Units: 4
  • Current GRM: 20.56
  • Current Cap Rate: 3.25%
  • Price Per Unit: $525,000
  • Current NOI: $68,300

Lyon Stahl Investment Real Estate

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