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1324 Amethyst St, Redondo Beach, CA 90277

$1,885,000

Description

Lyon Stahl is proud to present 1324 Amethyst St, a 4-unit building for sale in Redondo Beach. This 4,378 SF building was built in 1963 and is centrally located near restaurants, shops, and the beach. Situated on a 5,490 SF lot, this property features five (5) garages and a desirable unit mix consisting of one (1) 3- bed/2.5-bath, two (2) 2-bed/2-bath, and one (1) 1-bed/1-bath unit. The property contains all copper plumbing, as well as a new flat roof (2016), deck (2018), and fence. The building was also recently painted and landscaped with drought-resistant material (water efficient drip system). Additionally, Unit A has been partially remodeled with granite countertops and a new stove. Given the great location and high upside in market rent potential (over 50% increase in potential rent), this property is an excellent opportunity for any investor looking to acquire prime Redondo Beach real estate.

Investment Highlights:
● 4,170 SF building situated on 5,490 SF of land
● Desirable unit mix consisting of (1) 3-bed/2.5-bath, (2) 2-bed/2-bath, & (1) 1-bed/1-bath unit
● Property features all copper plumbing, a new flat roof (2016), & new deck (2018)
● Fencing has been replaced, exterior has been repainted, & drought resistant landscaping installed
● Unit A has been partially remodeled | New granite and stove top
● Excellent location | Minutes from Pacific Coast Hwy, Redondo Union High School, and local shopping centers

Property Downloads

Address

  • City: Redondo Beach
  • State/county: CA
  • Country: United States

Detail

Updated on March 5, 2019 at 10:56 pm

  • Price: $1,885,000
  • Sell Date: 2/27/19
  • Property Size: 4,170 Sq Ft
  • Land Area: 5,490 Sq Ft
  • Garage: 5
  • Year Built: 1963
  • Property Type: Multifamily
  • Property Status: Sold
  • Numbers of Units: 4
  • NOI: $96,131
  • GRM: 26.25
  • CAP RATE: 1.88%
  • Price per Unit: $487,500

Contact info

Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
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Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Doug Lawson
Doug Lawson
(424) 781-3816(310) 710-7609
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