$ 2,150,000
-
$2,150,000
Price -
9
Bed -
5
Bath -
4,895
SqFt
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About the Listing CLW-X82383 - CLW-C122805
This well-located fourplex presents an exceptional investment opportunity in the highly desirable North Redondo Beach market, situated approximately two miles from the Hermosa Beach Pier, Manhattan Beach Pier, and the Pacific Ocean. The property offers tenants convenient access to an abundance of premier coastal dining, retail, entertainment, and lifestyle amenities. The expansive 4,895-SF building is situated on a large 7,506-square-foot lot and features an attractive unit mix consisting of (1) 3-bedroom/2-bath unit, (2) 2-bedroom/1.5-bath townhouse units, and (1) 2-bedroom/1.5-bath unit. Additional property amenities include six garage spaces and outstanding ADU potential, with the oversized lot and existing garages presenting a desirable opportunity to add ADUs. From an investment standpoint, the property offers a compelling combination of stable in-place income and meaningful upside potential, featuring a 3.88% current cap rate and 16.74 GRM with the ability to achieve a 5.40% pro-forma cap rate and 13.27 pro-forma GRM. The asset is not subject to local rent control (AB 1482 only), allowing investors to benefit from attractive annual rent increases and long-term rental growth. Additionally, the property qualifies for residential financing, providing buyers with expanded financing options and access to more favorable loan terms.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
26836189
Year Built
1972
Total Square Footage
4,895
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 9
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: RBR-2
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4155019020
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
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% Mortgage Rate
Questions About..
2013 Ruhland Ave Redondo Beach, CA 90278
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