This South Redondo Beach residential 4-plex is located only blocks away from Beryl Heights Elementary, Vons grocery and its complementary shops, a huge park with playground equipment and baseball diamonds, a dog park, and the Sun, Surf, Sand & The Strand in Hermosa Beach! Unit mix: (1) 3-bed, 2.5 bath 2-story front unit; (2) 2-bed, 1.5 bath units; (1) 2-bed, 1.75 bath rear unit over the garages in the alley. 4,442 total interior sq ft. 5,491 sf lot. The "Owner's Unit" includes a front yard, in-unit laundry, a side patio with a pergola, a driveway that can fit a car and a trailer, and (2) 1-car garages. The remaining 3 units each have an assigned 1-car garage in the alley. There is a coin-op laundry room accessible to all tenants. All units are electric with radiant heat. Current gross income is 45% under market at $90,900/yr and 2.64% CAP. This is a value-add opportunity, with pro forma gross income of ~$162,000/yr and 5.94% CAP. See Supplements for Property Income Analysis.
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