2221 Bataan Rd, Redondo Beach, CA 90278

2221 Bataan Rd, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

We are pleased to present this North Redondo Duplex, a fantastic opportunity for an owner user, investor, or developer. Situated on a huge (7,499 sf ft) R2 Flat lot, the front home is a 3-Bedroom, 2-Bath with a 2-Car Garage along with a fenced front yard. The back home is a 2-Bedroom, 2-Bath with fireplace, a 2-Car Garage and private backyard. The interior of the front home was upgraded within the past year and the back unit although not updated, presents well. Located just 10-minutes from the Beach. Nearby to major employers, popular shopping centers, trendy restaurants, lively entertainment, neighborhood parks, award winning schools, and transportation. Redondo Beach has no City Rent Control. There may be an opportunity to convert garages into an ADU, Buyer to verify. 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. Offers are due by Monday, 8/29/2022 at 5PM. Offer subject to inspection. Drive by only, please do not disturb tenants. Thank you.

Property Features

  • Sale Price: $1,650,000
  • Area Size: 2,156 Sq. Ft.
  • Land Area: 7,499 Sq. Ft.
  • Year Built: 1951
  • Listing Date: 8/18/2022
  • Closing Date: 12/5/2022
  • Units: 2
  • Current GRM: 24.76
  • Current Cap Rate: 2.47%
  • Price Per Unit: $875,000
  • Market GRM: 21.29
  • Market Cap Rate: 3.11%
  • Current NOI: $43,309

Lyon Stahl Investment Real Estate

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