4126 Redondo Beach Blvd, Torrance, CA 90504

4126 Redondo Beach Blvd, Torrance, CA 90504

Torrance, CA

Property Description

The property is comprised of (2) 2 bed/1 bath and (1) 1 bed/1 bath unit that was converted into a nonconforming 2-bedroom unit. Each unit is equipped with washer hookups and has a dedicated one-car garage, both highly sought-after commodities by today’s renters in the South Bay. Unit B & C are long term tenants (both section 8). Conveniently located just three miles from the Pacific Ocean and less than a mile from the 405 freeway, tenants enjoy the convenience to both work and play. The property is in close proximity to numerous restaurants, shops, and entertainment, including the South Bay Galleria, which was recently approved for a $900 million revitalization of the 29.85-acre site in North Redondo Beach.

Property Features

  • Sale Price: $999,000
  • Area Size: 2,264 SF
  • Land Area: 5,370 SF
  • Year Built: 1953
  • Listing Date: 1/29/2021
  • Units: 3
  • Current GRM: 18.96
  • Current Cap Rate: 3.26%
  • Price Per Unit: $333,000
  • Market GRM: 12.61
  • Market Cap Rate: 5.84%

Lyon Stahl Investment Real Estate

Keep In Touch