906 Harkness Ln, Redondo Beach, CA 90278

906 Harkness Ln, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

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<span class=”d-textSoft d-fontSize–small d-marginLeft–3″>We are pleased to present 906 Harkness Ln – an amazing opportunity to own a triplex in the Golden Hills adjacent section of Redondo Beach. This 3,421 sqft building sitting on a 7,509 sqft R2 lot, features a roughly 1,200 sqft (btv) 3-bedroom 2-bath front house with a private 2-car garage and a private fenced in front yard. There is a 3-bedroom 1.5-bath townhouse style unit and a 2-bedroom 1.5-bath unit to round out this triplex with 3 additional enclosed garages. There is a total of 9 on-site parking spaces with room for more. Each unit has its own private washer &amp; dryer hookups and water heater. The 2-bedroom unit will be delivered vacant. Owner-users, developers, or investors are perfect buyers for this opportunity!</span>

<strong>Investment Highlights:</strong>

• 3,421 Sq Ft building sitting on a 7,509 Sq Ft R2 Lot
• Front house: 3-bed + 2-bath, (~ 1, 300 Sq Ft) + private 2 car garage, &amp; fenced in front yard, in unit washer &amp; dryer
• Townhouse Style Unit: 3-bed + 1.5 -bath, in-unit washer &amp; dryer
• Back Unit: 2-bed + 1.5 bath, this unit will be delivered vacant
• 9 onsite parking spaces
• All units are in great condition

Property Features

  • Sale Price: $1,650,000
  • Area Size: 3,421 SF
  • Land Area: 7,509 SF
  • Year Built: 1965
  • Closing Date: 10/1/19
  • Units: 3
  • Current Cap Rate: 1.11%
  • Price Per Unit: $591,667
  • Market GRM: 15.09
  • Market Cap Rate: 4.51%
  • Current NOI: $19,719

Lyon Stahl Investment Real Estate

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