Redondo Beach, CA 90278,2621 Ruhland Avenue
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Redondo Beach, CA 90278,2621 Ruhland Avenue
Redondo Beach, CA 90278,2621 Ruhland Avenue
Redondo Beach, CA 90278,2621 Ruhland Avenue
Redondo Beach, CA 90278,2621 Ruhland Avenue

$5,100,000

Est. payment /mo

$4,800,000

6.3%
Est.Price: ?

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2621 Ruhland Avenue Redondo Beach, CA 90278

2 Beds

1 Bath

0.34 Acres Lot

SOLD DATE : 05/16/2022

Key Details

Sold Price $5,100,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22040230

Bedrooms 2

Lot Size 0.344 Acres

Property Description

We proud to present our latest listing, 2621-2623 Ruhland Avenue. Featuring projected rental upside of almost 30% +/-, this is a terrific long-term hold located in one of the best rental markets in Los Angeles! This 12-unit investment opportunity is comprised of two separate buildings on a large, conjoined lot totaling nearly 15,000 square feet. The units are all cute Two Bedrooms, and feature individual water heaters. There are 6 double garages and 18 parking spots in total, and onsite laundry for tenant convenience. On the market for the first time in well over 20+ years, the property has undergone several large capital expenditures recently including a brand new roof and rain gutters, and new stair railings (approx. 2019). Units are individually metered for gas an electricity and plumbing has been upgraded as needed throughout current ownership. There is also some potential for constructing some ADU's (Buyer to verify).
We proud to present our latest listing, 2621-2623 Ruhland Avenue. Featuring projected rental upside of almost 30% +/-, this is a terrific long-term hold located in one of the best rental markets in Los Angeles! This 12-unit investment opportunity is comprised of two separate buildings on a large, conjoined lot totaling nearly 15,000 square feet. The units are all cute Two Bedrooms, and feature individual water heaters. There are 6 double garages and 18 parking spots in total, and onsite laundry for tenant convenience. On the market for the first time in well over 20+ years, the property has undergone several large capital expenditures recently including a brand new roof and rain gutters, and new stair railings (approx. 2019). Units are individually metered for gas an electricity and plumbing has been upgraded as needed throughout current ownership. There is also some potential for constructing some ADU's (Buyer to verify).

Location

State CA

County Los Angeles

Area Redondo Beach (90278)

Zoning Public Rec

Building

Lot Description Sidewalks

Others

Acceptable Financing Cash, Exchange

Space Rent $21,450

Listing Terms Cash, Exchange

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San Diego Regional MLS (SDMLS)
Listed by Josh Cohen • Keller Williams Beach Cities
Bought with Robert Harger • BerkshireHathaway HomeServices
agent

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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