2320 Grant Avenue Redondo Beach, CA 90278
Price Reduced by $50, 000! Located in North Redondo Beach, 2320 Grant Avenue consists of (1) 2-Bedroom/1-Bathroom House and (4) 2-bedroom/1-bathroom units. The front house is completely detached from the rear units and contains a private front yard and its own washer/dryer hookups. Additionally, a rear private backyard is located behind the rear building providing private outdoor space for one of the 2-Bedroom/1-Bathroom units. The property sits on a 7, 509-SF lot and features 5 garage spaces. The asset contains stable-in place rents yielding a 4.56% cap rate and 15.65 GRM. The property also has significant rental upside with a pro-forma cap rate of 5.95%. This is a perfect opportunity for an Owner-User or an investor looking to achieve higher rents. The property is NOT subject to Los Angeles City Rent Control and defaults to AB-1482 where an investor can raise rents up to 8.9% annually as of today.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site36 Days
- MLS StatusActive
- MLS ID Number24424955
- Home Size Source Estimated
- Year Built1951
- Lot Size0.1724 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Garage
- Parking Spaces 5
- Number of Stories One, Two2
- Acreage 0.1724
- Garage Spaces 5
- Zoning RBR-3
- Listing Conditions Standard
Interior Features
- Laundry Features Washer IncludedDryer Included
Community Features
- Senior Community No
- MLS Area 152 - N Redondo Bch/Villas South