Sold for $2,500,000

Listed by: Philip Barton, Broker • Philip Barton • Contact: 760-522-8199

Bought with: Reily Investments, Inc

$2,500,000

1804 Flagler Ln, Redondo Beach, CA 90278

8beds

8baths

5,250sqft

Multi Family

Built in 1963

-- sqft lot

$2,280,500 Zestimate^®

$476/sqft

$4,705 Estimated rent

Home value

$2,280,500

$2.08M - $2.53M

$4,705/mo

Zestimate^® history

Owner options

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$4,705/mo

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$4,705/mo

Rent Zestimate^®

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$15,811/mo

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$15,811/mo

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What's special

North redondo beach

Well maintained 7 unit apartment building located in North Redondo Beach. First time on the market in almost 40 years. The unit mix consists of a 1-2bd/2ba unit and 6-1bd/1ba units and 7 garages. Property is separately metered for gas and electric and has a leased onsite laundry facility. Property is low maintenance and primarily consists of stable long term tenants. 3 of the units have been recently renovated. Projected rental upside of over 25%. Located in a high demand rental area with close proximity to the beach and convenient access to the 405 freeway. Great opportunity to acquire a quality income producing asset in a highly desirable neighborhood. Back on the market through no fault of the property.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 5,250
Total interior livable area: 5,250 sqft

Property

Parking

Total spaces: 7
Parking features: Garage
Garage spaces: 7

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 5,000 Square Feet
Features: Level

Details

Parcel number: 4156006014
Zoning: RBR-3
Special conditions: Trust

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Street Lights, Sidewalks

Location

Region: Redondo Beach

Financial & listing details

Price per square foot: $476/sqft
Date on market: 6/5/2023
Cumulative days on market: 99 days
Listing terms: Cash,Cash to New Loan,Submit
Total actual rent: 140544
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
10/16/2023	Sold	$2,500,000-3.8%$476/sqft
Source: CRMLS #PW23095581 Report a problem
10/5/2023	Contingent	$2,600,000$495/sqft
Source: CRMLS #PW23095581 Report a problem
9/4/2023	Price change	$2,600,000-7.1%$495/sqft
Source: CRMLS #PW23095581 Report a problem
8/11/2023	Listed for sale	$2,800,000$533/sqft
Source: CRMLS #PW23095581 Report a problem
8/7/2023	Contingent	$2,800,000$533/sqft
Source: CRMLS #PW23095581 Report a problem
6/6/2023	Listed for sale	$2,800,000$533/sqft
Source: CRMLS #PW23095581 Report a problem
5/1/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
4/25/2021	Listed for rent	$1,800
Source: Zillow Rental Manager Report a problem