1102 Barbara St - Apartments FOR SALE


Redondo Beach, CA 90277
$2,950,000 USD
310-844-9362
1102 Barbara St, Redondo Beach, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/4
null | 5.08% Cap Rate

1102 Barbara St
Redondo Beach, CA 90277


HIGHLIGHTS

  • Matthews™ is pleased to present 1102 Barbara Street, a four-unit apartment building located in the heart of Redondo Beach, CA.
  • Features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF) and (3) two-bedroom/two-bath units
  • Three of the four units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements.
  • One (1) two-bed/two-bath unit to be delivered vacant.

OVERVIEW

Matthews™ is pleased to present 1102 Barbara Street, a four-unit apartment building located in the heart of Redondo Beach, CA. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF) and (3) two-bedroom/two-bath units (each over 1,000 SF). Three of the four units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the units are currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other shared utility expenses. One (1) two-bed/two-bath unit to be delivered vacant. This offering presents an excellent opportunity for either an investor or owner-user to capitalize on strong rental demand and premium market rents in one of the South Bay’s most coveted coastal communities with no local rent control and 12% rental upside potential on current rents. Residents enjoy the best of coastal living in a highly sought-after South Bay neighborhood, just minutes from world-class beaches, parks, restaurants. 1102 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1100 Barbara Street, 1109 Barbara Street, and 1110 Barbara Street.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$640 USD /SF

# OF UNITS

4

PRICE/UNIT

$737,500

CAP RATE

5.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,196 SF

ZONING

RBRMD

APN/PARCEL ID

7507-023-020

ASK ABOUT THIS PROPERTY

Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

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Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.