1110 Barbara St - Apartments FOR SALE


Redondo Beach, CA 90277
$4,250,000 USD
310-844-9362
1110 Barbara St, Redondo Beach, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/9
null | 4.83% Cap Rate

1110 Barbara St
Redondo Beach, CA 90277


HIGHLIGHTS

  • 1110 Barbara Street is a seven-unit apartment building in the heart of Redondo Beach, one of the South Bay's most desirable coastal submarkets.
  • Strong unit mix anchored by a 3-bed/2-bath two-story home (approx. 1,400 SF) plus (4) 2-bed/2-bath & (2) 1-bed/1-bath units.
  • Four of the seven units recently and tastefully upgraded with modern finishes and high-quality improvements.
  • Tenants pay their own utilities with a RUBS program in place that reimburses ownership and lowers the expense ratio.
  • Stabilized with 16% upside through continued renovations, capitalizing on strong rental demand and premium market rents.
  • Prime South Bay location just minutes from world-class beaches, parks, top-rated schools, and the Redondo Beach Pier.

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 16% 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.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$626 USD /SF

# OF UNITS

7

PRICE/UNIT

$607,143

CAP RATE

4.83%

% LEASED

100%

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

11,377 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.