Hot Offer
Active
Property Description
Price Reduced by $50,000! Located in North Redondo Beach, 2320 Grant Avenue consists of (1) 2-Bedroom/1-Bathroom House and (4) 2-bedroom/1-bathroom units. The front house is currently vacant for the new buyer. The front house is completely detached from the rear units and contains a private front yard and its own washer/dryer hookup. Additionally, a rear private backyard is located behind the rear building providing private outdoor space for one of the 2-Bedroom/1-Bathroom units. The property sits on a 7,509-SF lot and features 5 garage spaces. The asset contains stable-in place rents yielding a 4.67% cap rate and 15.39 GRM. The property also has significant rental upside with a pro-forma cap rate of 5.95%. This is a perfect opportunity for an Owner-User or an investor looking to achieve higher rents. The property is NOT subject to Los Angeles City Rent Control and defaults to AB-1482 where an investor can raise rents up to 8.9% annually as of today.
Features
: No
: No
: No
: No
: No
: 5
: Garage
Address Map
U.S.
California
Los Angeles
Redondo Beach
90278
2320 Grant Avenue
0
W119° 37' 52.3''
N33° 52' 7.4''
MLS Addon
$0
4,511 Sqft
: No
: No
4.67
34
South of Artesia Boulevard, West of MacKay Lane, North of Huntington Lane, East of Slauson Lane
5
: No
2
Residential Income For Sale Redondo Beach
2320 Grant Avenue, Redondo Beach, Los Angeles, California, 90278
10 Bedrooms
4,511 Sqft
Visits : 1 in 44 days
$2,500,000
Listing ID #24424955
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24424955
Price : $2,500,000
Bedrooms : 10
Square Footage : 4,511 Sqft
Year Built : 1951
Lot Area : 7,509 Acre
Status : Active
Agent info
Damian M. Ramirez
- View website
- (714) 292-7224
- (714) 292-7224
- (800) 243-0149
- 01974515
- 1213238
- PWDAMRA
Broker
A level-headed and composed professional.
Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
Mortgage Calculator