1110 Barbara - Apartments FOR SALE


Redondo Beach, CA 90277
$4,250,000 USD
310-844-9362
1110 Barbara, Redondo Beach, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/4
null | 4.66% Cap Rate

1110 Barbara
Redondo Beach, CA 90277


HIGHLIGHTS

  • Matthews™ is pleased to present 1110 Barbara Street, a seven-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), (4) two-bedroom/two-bath
  • Four of the seven units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements.

OVERVIEW

Matthews™ is pleased to present 1110 Barbara Street, a seven-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), (4) two-bedroom/two-bath (each over 1,000 SF), and (2) one-bed/one-bath units. Four of the seven 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 an investor 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 17% 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. 1110 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1100 Barbara Street, 1102 Barbara Street, and 1109 Barbara Street.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$626 USD /SF

# OF UNITS

7

PRICE/UNIT

$607,143

CAP RATE

4.66%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,378 SF

ZONING

RMD, Redondo Beach

APN/PARCEL ID

7507-023-022

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.