806-808 Garnet St, Redondo Beach, CA 90277

806-808 Garnet St, Redondo Beach, CA 90277

Redondo Beach, CA

Property Description

806 & 808 Garnet St. Redondo Beach, being SOLD TOGETHER, offer two side-by-side duplexes with individual APN numbers! These two properties are being sold together to maximize profits and minimize management costs and are located in the highly desirable rental market of South Redondo. This unique opportunity allows an investor to purchase a property with 40% upside in rents. This property is located in a quiet neighborhood near the Redondo Beach Pier, Redondo Union High School, Perris Middle School, shopping, entertainment and great restaurants! Act fast as this market has been drawing quick interest!

Property Features

  • Sale Price: $2,600,000
  • Area Size: 1470 SF
  • Land Area: 3082 SF
  • Year Built: 1964
  • Listing Date: 5/5/2021
  • Units: 2
  • Current GRM: 25.79
  • Current Cap Rate: 2.18%
  • Price Per Unit: 650,000
  • Market GRM: 18.06
  • Market Cap Rate: 3.79

Lyon Stahl Investment Real Estate

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