$2,250,000
2107 Voorhees Avenue
Redondo Beach, CA 90278
8
Beds
7
Baths
4,285
Sq. Ft.
1969
Year Built
Los Angeles
County
ResidentialIncome
Property Type
About this home
Rare North Redondo Beach four-unit building delivered 100% vacant at close of escrow, so a buyer can lease every unit at today's market rents from day one. The 4,285 SF building sits on a 7,492 SF lot and offers two 2bd/1.5ba townhouse-style units, a 2bd/1.5ba unit, and a 3bd/2ba unit with washer/dryer hookups (a large 2+den, with the den sized for use as a third bedroom). Every unit has private outdoor space: a patio at Unit A, a patio plus rooftop deck at Unit B, an extra-large patio at Unit C, and a large rooftop deck at Unit D. Six single-car garages. Scheduled as-is income of $152,400 per year ($12,700/month) at lease-up, a 4.66% cap rate and 14.76 GRM, with a 5.12% pro-forma cap and 13.79 pro-forma GRM (post renovation). No local rent control. Minutes to Manhattan Beach, Hermosa Beach, the beach and the South Bay Galleria, within the Redondo Beach Unified School District. Sold as-is.
Property Details
Architecture
Features & Amenities
Property Features
Community
Tax & Financial
Request a Tour
Mortgage Estimate
$11,975/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.