Description
PRICE REDUCED. Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach location - This beautiful property offers 5.3% gross cap while sitting in just 2 blocks from Redondo Beach and Pier. All four cottage-style units are 1 bed with 1 full bath plus living/dining space. Beautifullyremodeled inside and out, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs,vanities, lighting fixtures, and appliances. Each cottage has its own porch and patio with individual laundry space. Detached two-car garage withthree-car spaces in the driveway. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge taxreduction. This trophy location and fully occupied units will attract renters and generate stable cash flow with low operating expenses. Don+GGt missthis opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
PRICE REDUCED. Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach location - This beautiful property offers 5.3% gross cap while sitting in just 2 blocks from Redondo Beach and Pier. All four cottage-style units are 1 bed with 1 full bath plus living/dining space. Beautifullyremodeled inside and out, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs,vanities, lighting fixtures, and appliances. Each cottage has its own porch and patio with individual laundry space. Detached two-car garage withthree-car spaces in the driveway. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge taxreduction. This trophy location and fully occupied units will attract renters and generate stable cash flow with low operating expenses. Don+GGt missthis opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T10:26:55.893. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.