Compare Listings

2203 Voorhees Ave, Redondo Beach, CA 90278

$2,300,000

Description

Lyon Stahl Investment Real Estate is proud to present 2203 Voorhees Ave in Redondo Beach. Situated on an 8,249 SF lot, this beautiful 4,803 SF turnkey 4-unit building features a unit mix of (3) 2-bedroom/1.5-bathroom units and (1) 3-bedroom/2-bathroom unit with 6 garage parking spaces. (2) of 2-bedroom units are townhouse-style with updated plumbing and electrical throughout the entire building. The building has been fully renovated with a new roof on the front two. Two units have master suites with easy access to a balcony, while the other two units have ample space for a backyard perfect for small pets. The units feature large living rooms with hardwood floors, kitchens, and granite countertops and nice bathrooms with modern creme colored tiles that is sure to impress you. All units have washer and dryer hookups. Built in 1969, the quadruplex currently brings in a rent income of $12,200 monthly and $146,400 annually. The location is more than ideal for investors searching for a property that holds strong rent appeal that will immediately produce steady returns and owner-users looking to immerse themselves in the plush culture Redondo Beach has to offer.

Investment Highlights: 
•Unit Mix: (3) 2-Bed/1.5-Bath & (1) 3-Bed/2-Bath
•4,803 SF Two-Story building on an 8,249 SF Lot.
•All units fully remodeled!
•Dyer and washer hookups included
•Current 4.46% CAP & 15.71 GRM in Redondo Beach!
•6 garage parking spaces
•INCREDIBLE LOCATION! 2 Miles from the beach
•Excellent turnkey investment opportunity

Property Downloads

Address

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

Detail

Updated on September 11, 2019 at 5:45 pm

  • Price: $2,300,000
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • GRM: 15.71
  • CAP RATE: 4.46%
  • Price per Unit: $575,000
  • Market GRM: 14.36
  • Market CAP RATE: 5.04%

Contact info

Johnnie Stiegler
Johnnie Stiegler
(310) 990-9685(310) 447-2213
Charlie Rasmussen
Charlie Rasmussen
(562) 241-0898(310) 404-9072
Facebook Linkedin

Inquire about this property

Agent Properties