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$2,950,000
Est. payment /mo
9 Beds
8 Baths
4,610 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,610 sqft
Price per Sqft $639
MLS Listing ID 25620443
Bedrooms 9
HOA Y/N No
Year Built 1965
Property Description
We are pleased to present 1102 Barbara Street, a four-unit apartment building located in the heart of Redondo Beach, CA. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF) and (3) two-bedroom/two-bath units (each over 1,000 SF). Three of the four units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the units are currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other shared utility expenses. One (1) two-bed/two-bath unit to be delivered vacant. This offering presents an excellent opportunity for either an investor to capitalize on strong rental demand and premium market rents in one of the South Bay's most coveted coastal communities with no local rent control and 12% rental upside potential on current rents. Residents enjoy the best of coastal living in a highly sought-after South Bay neighborhood, just minutes from world-class beaches, parks, restaurants. 1102 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1100 Barbara Street, 1109 Barbara Street, and 1110 Barbara Street. Please reach out to Seller's Agent for more information and the full marketing package.
Location
State CA
County Los Angeles
Area 156 - S Redondo Bch S Of Torrance Bl
Zoning RBRMD
Interior
Heating Electric
Cooling Electric
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Oven, Refrigerator, Dryer, Washer
Laundry Stacked
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7507023020
Special Listing Condition Standard
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Listed by Nabil Awada Matthews Real Estate Investment Services
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