118 S Lucia Ave - Multi-Family FOR SALE


Redondo Beach, CA 90277
$2,795,000 USD
310-864-9034
118 S Lucia Ave, Redondo Beach, CA for Sale
$2,795,000 USD
Multi-Family - FOR SALE
1/12
null | 3.26% Cap Rate

118 S Lucia Ave
Redondo Beach, CA 90277


HIGHLIGHTS

  • Clean Units in a Great Neighborhood
  • Walk to the Beach, Top Rated Schools and Restaurants
  • No City Rent Control plus ADU Potential

OVERVIEW

Large 4 unit building. Each townhouse style unit is spacious and features its own private rooftop deck. Located near top rated schools, the beach and a vast selection of shopping and dining options, these units are always in high demand. Units include one 3 bed/2.5bath front unit and three2/1.5 bath units. The property offers ample parking with three 2 car garages. The garages and the lower level of the 3 bedroom front unit present potential ADU opportunities (check with the city), which will further increase income. The city of Redondo Beach is subject only to state rent control (AB1482).

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$545 USD /SF

# OF UNITS

4

PRICE/UNIT

$698,750

CAP RATE

3.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,164 SF

ZONING

R-3

APN/PARCEL ID

7506-001-024

ASK ABOUT THIS PROPERTY

Matt CrabbsCOMPASSMore Info
310-864-9034

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Matt CrabbsCOMPASSMore Info
310-864-9034

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