Welcome to a fantastic investment opportunity in a prime location! This property has been owned by the same family for years and is now available for new possibilities. Property consists of 3 units, two units are 2 bedrooms 1 bath and one unit that has a yard and a private entrance is a 2 bedroom 1 bath and each unit has a garage and park space. Drive by and take a look; you'll see the potential is endless.
For investors, consider converting the garages into an ADU and transforming the property into a four-unit rental. The current rents are low, but the long-term tenants are content and reliable, ensuring a steady income stream or raise the rents. There is a huge rent upside available.
Owner-occupants will appreciate the back unit, which boasts a charming yard, perfect for relaxation and outdoor activities.
Contractors and developers will be thrilled with the location. This property offers the chance to tear down and build spacious new units, maximizing rental income potential.
The property is professionally managed, with management costs already included in the expenses, which remain impressively low.
Don't miss out on this versatile and promising property
Sold for $1,375,000 on 09/30/24
Listing Provided by:
Keith Brabec DRE #01206669 310-344-9322,
Century 21 Union Realty
Bought with: Compass
$1,375,000
1920 Rockefeller Ln, Redondo Beach, CA 90278
6beds
3baths
2,753sqft
Triplex
Built in 1949
-- sqft lot
$1,333,700 Zestimate®
$499/sqft
$4,563 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 07:21pm
Listing Provided by:
Keith Brabec DRE #01206669 310-344-9322,
Century 21 Union Realty
Bought with:
Melissa Pilon, DRE #01974762
Compass
Source: CRMLS,MLS#: SB24132969
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,753
- Total interior livable area: 2,753 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage
- Garage spaces: 3
- Uncovered spaces: 4
Features
- Entry location: front door
- Pool features: None
Lot
- Size: 6,736 sqft
- Features: Back Yard
Details
- Parcel number: 4156014002
- Zoning: RBR-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Redondo Beach
Other
Other facts
- Listing terms: Conventional,Submit
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Estimated market value
$1,333,700