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.
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
Owner options
What's special
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#: PW23095581
Originating 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