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Sold for $2,500,000 on 10/16/23
  • Listing Provided by: 

    Philip Barton DRE #01876185 760-522-8199,

    Philip Barton, Broker

    Bought with: Reily Investments, Inc
    $2,500,000

    1804 Flagler Ln, Redondo Beach, CA 90278

    8beds
    8baths
    5,250sqft
    Multi Family
    Built in 1963
    -- sqft lot
    $2,565,500 Zestimate®
    $476/sqft
    $3,646 Estimated rent

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    $3,646/mo

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    $3,646/mo

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    $15,628/mo

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    $15,628/mo

    Est. payment

    What's special

    Well maintained 7 unit apartment building located in North Redondo Beach. First time on the market in almost 40 years. The unit mix consists of a 1-2bd/2ba unit and 6-1bd/1ba units and 7 garages. Property is separately metered for gas and electric and has a leased onsite laundry facility. Property is low maintenance and primarily consists of stable long term tenants. 3 of the units have been recently renovated. Projected rental upside of over 25%. Located in a high demand rental area with close proximity to the beach and convenient access to the 405 freeway. Great opportunity to acquire a quality income producing asset in a highly desirable neighborhood. Back on the market through no fault of the property.

    Zillow last checked: 8 hours ago

    Listing updated: October 16, 2023 at 02:39pm

    Listing Provided by:

    Philip Barton DRE #01876185 760-522-8199,

    Philip Barton, Broker

    Bought with:

    Rick Pranada, DRE #01407875

    Reily Investments, Inc

    Source: CRMLS,MLS#: PW23095581MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,250
    • Total interior livable area: 5,250 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Garage
    • Garage spaces: 7
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 5,000 sqft
    • Features: Level
    Details
    • Parcel number: 4156006014
    • Zoning: RBR-3
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Redondo Beach

    HOA & financial

    Other financial information
    • Total actual rent: 140544

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Submit
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    Estimated market value
    $2,565,500