$1,900,000
$1,799,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
227 S Francisca Ave Redondo Beach, CA 90277
4 Beds
3 Baths
5,988 Sqft Lot
Key Details
Sold Price $1,900,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22059403
Bedrooms 4
Lot Size 5,988 Sqft
Property Description
A great investment opportunity! Just a short walk to the Redondo Beach Pier, this prime location triplex has incredible upside income potential. There are two 1 bedroom 1 bath units at the front of the property. Behind the duplex sits a free-standing 2 bedroom 1 bath home with a yard and garage along with laundry. Current tenants are month to month with rents below market. With pro-forma rents, you can get to a premium cap rate. This is also a great owner-user for those looking to live in South Redondo and have additional units to help pay rent.
A great investment opportunity! Just a short walk to the Redondo Beach Pier, this prime location triplex has incredible upside income potential. There are two 1 bedroom 1 bath units at the front of the property. Behind the duplex sits a free-standing 2 bedroom 1 bath home with a yard and garage along with laundry. Current tenants are month to month with rents below market. With pro-forma rents, you can get to a premium cap rate. This is also a great owner-user for those looking to live in South Redondo and have additional units to help pay rent.
Location
State CA
County Los Angeles
Area Redondo Beach (90277)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Others
Acceptable Financing Conventional
Space Rent $1,675
Listing Terms Conventional
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Bought with NON LISTED AGENT • San Diego