2605 Gates is a 4,528-square foot, eight-unit apartment building located at 2605 Gates Avenue in Redondo Beach. The subject property, built in 1961, sits on a 7,499-square foot lot, and is two stories with wood frame and stucco construction. The property is situated only blocks from the proposed metro South Bay Green Line Extension and the $900 million revitalization of the South Bay Galleria. The subject property is comprised of (7) one-bedroom with one-bathroom units, and (1) two-bedroom with one-bathroom unit. The one-bedroom units average approximately 510 square feet and are located on the 2nd floor above the garages. The two-bedroom unit is approximately 600 square feet and located at the front of the property with a private yard. Generally, the units are in original condition but have been well maintained and selectively updated over time. Parking consists of 4 two-car garages. The property features new exterior paint and 5 new garage doors and openers. The building is separately metered for gas and electric. 2605 Gates will be delivered with 5 vacant units providing the investor a unique opportunity to renovate the vacant units and capitalize on the increasing demand for premium finishes in the rental market.
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.
