This 4-unit apartment building is an opportunity for an investor to purchase a multifamily property in the heart of beautiful South Redondo Beach. This stabilized investment allows for an owner to live in one unit and enjoy the top of the market rental income from the others. This opportunity also allows for a potential investor to obtain residential financing. The property consists of four townhouse-style units made up of (1) three-bed/two-and-a-half-bath owners unit & (3) two-bed/one-and-a-half-bath. The property is located less than one mile away from the beach and is near award-winning Redondo Beach schools. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Market rents in the area give this property 23% potential upside. Buyer to do their own due diligence. PLEASE DO NOT DISTURB THE TENANTS.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
