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Stacey Niermann

stacey@niermannestatesgroup.com +1(714) 642-6895

$ 2,499,000

Est. payment | -/mo

7,492 Sqft Lot

Save

$ 2,499,000

Est. payment | -/mo

Save

7,492 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB26109405

HOA Y/N No

Year Built 1968

Lot Size 7,492 Sqft

Property Sub-Type Quadruplex

Property Description

Rare opportunity to buy this extra-large 4-UNIT PROPERTY WITH THREE VACANT UPDATED UNITS high on a ridge in sought-after North Redondo Beach. Put your own tenants in at market rate rents or owner-occupy one or more! The "sister property" next door is also available, creating huge upside development potential! Built in 1968, this well-maintained oversized fourplex (Two 3-Bed/2-Bath units with city/mountain views & two large 2-Bed/2- Bath units) features a total of 10 bedrooms and 8 bathrooms, offering strong income potential in one of the South Bay's most desirable coastal communities. This turnkey property allows investors to focus on maximizing returns almost immediately. Three units have been recently updated with new appliances, hardwood flooring, luxury vinyl bathroom flooring, and fresh interior paint. Each 3-bedroom includes a 2-car garage, & a 1-car garage plus parking space for each 2-bedroom unit. The shared laundry room provides an additional source of income. Whether you're an experienced investor expanding your portfolio, an owner-occupant wanting to pay your mortgage with great rent-income, or just looking to build long-term wealth through real estate, this is an outstanding opportunity in a prime location.

Location

State CA

County Los Angeles

Area 151 - N Redondo Bch/Villas North

Interior

Heating Radiant

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage, On Site

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4155005028

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Tony Puma eXp Realty of California Inc 310-800-7862, DRE #01375596

Nearby Locations

GET MORE INFORMATION

Stacey Niermann

REALTOR® | Lic# DRE# 02167751

stacey@niermannestatesgroup.com

+1(714) 642-6895

303 N Glenoaks Blvd, Suite 200, Burbank, CA, 91502

1923 Gates Redondo Beach, CA 90278

Stacey Niermann

Key Details

Location

Interior

Exterior

Building

Others

1923 Gates