2405 Fisk Ln, Redondo Beach, CA 90278

2405 Fisk Ln, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

Lyon Stahl is proud to present 2405 Fisk Lane in Redondo Beach. This charming duplex not only has excellent curb appeal, with palm trees and succulent plants out front, but also features a beautiful backyard with a lush green lawn, trees and a gazebo with an outdoor dining area. There is plenty of on-site parking between the 5-car garage and uncovered parking space in the back of the building and a single-car driveway space in the front.

Both units have 3 Bedrooms & 2 Bathrooms with a total living area of 2,718 Sqft. Each unit has been recently updated with new flooring, paint, kitchen cabinetry, backsplashes, and some appliances and bathroom amenities. One of the downstairs unit bathrooms has been fully remodeled. Most of the plumbing has been updated to copper and the roof replaced in December.

The property’s location is more than ideal, just 2 miles from the ocean and Redondo’s famous King’s Harbor. Just 5 minutes northeast of this property is the $900M South Bay Galleria development, the biggest project in the history of Redondo Beach. Slated for completion in 2023, the 29.85-acre site will center around a “family-friendly park, where residential, retail and office converge.” The new development will feature 300 apartments units, a 150-room hotel, 50,000 square feet of office space, an 8,000 square-foot skate park, and a total of 249,723 square feet of public open space.

With great in-place income and significant upside rent potential, this is the perfect opportunity for an owner-user and investor alike to acquire an investment property in a highly- desirable area with limited inventory.

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Property Features

  • Sale Price: $1,250,000
  • Area Size: 2,718 SF
  • Land Area: 7,000 SF
  • Year Built: 1953
  • Closing Date: 6/7/19
  • Units: 2
  • Current GRM: 20.32
  • Current Cap Rate: 3.10%
  • Market Cap Rate: 5.10%
  • Current NOI: $37,080

Lyon Stahl Investment Real Estate

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