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2211 Grant Ave, Redondo Beach, CA 90278

$3,000,000

Description

Lyon | Stahl is pleased to present this beautiful 6-Unit apartment building in Redondo Beach. Located less than 10 minutes from the ocean, this property boasts 1972 construction and features six large 2-bedroom/2-bathroom units with their own private 2-car garages. With great in-place income and significant upside rent potential, this is an excellent opportunity for an investor to come in and make some minor upgrades and command top of the market rents. Each unit features approximately 1,120 SF of total living area with an open living room/kitchen layout and large walk-in closets. Four of the units have been updated with laminate flooring and other general upgrades.

Property Downloads

Address

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

Detail

Updated on August 28, 2018 at 4:04 pm

  • Price: $3,000,000
  • List Date: 8/26/18
  • Property Size: 6,720 Sq ft
  • Land Area: 7,503 Sq ft
  • Year Built: 1972
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 6
  • NOI: $100,447
  • GRM: 18.70
  • CAP RATE: 3.35%
  • Price per Unit: $500,000
  • Market GRM: 15.58
  • Market CAP RATE: 4.39%

Contact info

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