Thank you
Mark Gallandt
Keller Williams Hollywood Hills
310-623-1300
Incredible opportunity to step into a fabulous-turn-key income-producing property in the heart of east Redondo Beach's "El Nido" neighborhood. This 3,350 sq. foot property with two brand new built homes and remodeled front house is perfect for the investor or landlord that likes low deferred maintenance over the coming years of ownership. Monthly occupied rents are very close to current market value and offer a competitive cap rate. The two New Built Homes to the rear of the lot have mirror layouts and offer a large open "loft-like" first floor area with a modern kitchen, washer and dryer, high-end appliances and great entertainment area. A downstairs bath exudes quality and convenience for family and guests. With tons of light and a bespoke modernistic feel, these units are designed to please. Upstairs, it includes a primary suite with dual sinks in the highly appointed full bath with walk in closet, and the secondary bedroom with an additional highly appointed full bath. Off street parking is plentiful with a generous outside common area. The level of build quality and luxury far exceeds standard rental "expectations" and helps contribute to anticipated competitive rental rates and income longevity. The front house features 2 bedrooms and 2 baths and is completely remolded with newer windows and wide plank flooring. This light and bright airy feeling in the front house offers western exposure for sea breezes, and gleaming sunset and dusk views with plenty of ambiances. The amazing open floor plan leads to a generous family area adjacent to a modernly appointed kitchen with a wrap-around tile counter and breakfast bar. The two bedrooms offer spacious privacy with two bathrooms for convenience. An in-unit laundry area is a dream bonus for the discerning renter. Ample off street parking is a plus. The best part is that the deferred maintenance of brand-new high-quality construction can lead to a peaceful and easily managed income situation. Solar panels can contribute to lower variable energy costs, and can offer peace and mind of off-grid continuity in the event of power outages. With an unprecedented walking score of 100, this property checks off all the desires that high quality renters demand in today's marketplace. Grocery, restaurants, shopping, South Bay Galleria, etc. are just steps from your door for convenience. Freeway access is nearby and the infamous "Redondo Beach" is a couple of minutes from you. This is a must-see property that won't last long
Sell a home like this and save $131,201 Find Out How
Total Bedrooms : 6
Total Baths: 6
Full Baths: 0
Half Baths: 0
Sewer : Other
Interior Features: Open Floorplan,Recessed Lighting
Windows: Double Pane Windows
Property Appliances: Electric Cooktop,Gas Range
Fireplace: None
Flooring: Laminate
Central Air,Electric
Air Conditioning
Central,Wall Furnace
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1907
Building Area Total: 3,350
Construction: Stucco
Raised
None
None
Inside,In Kitchen
Concrete
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1378
Lot Size Dimensions: 40x150
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6004
Original List Price: 2,195,000
Listing Contract Date: 2024-04-22
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4083005008
Garage Description: Assigned,Driveway,Garage,Pull-through,Shared Driveway,Side By Side,Tandem
Lease Term: Negotiable
Tenant Pays: Electricity,Gas,Trash Collection
Source Listing Status: Active
Source Neighborhood: 132 - N Torrance - West
Postal Code Plus 4: 4637
Directions: Redondo Beach El Nido Neighborhood
Zoning: RERR-LM
Source Property Type: Residential Income
Area: 132 - N Torrance - West
Property Age: 117
Common Walls: No Common Walls
Property Condition: Updated/Remodeled
Year Built Source: Vendor Enhanced
Total Square Feet Living: 3350
Entry Level: 1
Entry Location: Ground Level w/steps
Levels or Stories: One,Multi/Split
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1917 Grant Avenue, Redondo Beach, CA,90278 | $1,899,000 | 5 | 3.5 | 3,110 | 7496 Sqft |
1718 Belmont Lane, Redondo Beach, CA,90278 | $1,950,000 | 5 | 3 | 2,309 | 3327 Sqft |
421 Anita Street #B, Redondo Beach, CA,90278 | $1,995,000 | 3 | 4 | 2,590 | 5482 Sqft |
2821 190th Street #B, Redondo Beach, CA,90278 | $1,229,000 | 4 | 2 | 1,825 | 49862 Sqft |
18524 Kingsdale Avenue, Redondo Beach, CA,90278 | $1,465,000 | 5 | 2 | 2,336 | 6001 Sqft |
18524 Kingsdale Avenue, Redondo Beach, CA,90278 | $1,465,000 | 5 | 3 | 2,336 | 6001 Sqft |
2345 190th Street #60, Redondo Beach, CA,90278 | $164,999 | 2 | 1 | 832 | -- |
2320 Carnegie Lane, Redondo Beach, CA,90278 | $2,100,000 | 5 | 2 | 2,849 | 7504 Sqft |
2412 Carnegie Lane #B, Redondo Beach, CA,90278 | $1,679,000 | 4 | 3 | 2,013 | 7495 Sqft |
2412 Carnegie Lane #A, Redondo Beach, CA,90278 | $1,699,000 | 4 | 3 | 2,039 | 7495 Sqft |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/07/2024 @ 13:42
MLS: 24382721
LISTED BY: Mark Gallandt, Keller Williams Hollywood Hills
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.