1109 Barbara St - Apartments FOR SALE


Redondo Beach, CA 90277
$2,950,000 USD
310-844-9362
1109 Barbara St, Redondo Beach, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/3
null | 4.92% Cap Rate

1109 Barbara St
Redondo Beach, CA 90277


HIGHLIGHTS

  • Matthews™ is pleased to present 1109 Barbara Street, a four-unit apartment building located in the heart of Redondo Beach, CA.
  • 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 1109 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. 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 14% 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. 1109 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1100 Barbara Street, 1102 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

4.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RBRMD

APN/PARCEL ID

7507-023-036

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.