18506 Kingsdale Ave - Apartments FOR SALE


Redondo Beach, CA 90278
$1,425,000 USD
310-403-9145
18506 Kingsdale Ave, Redondo Beach, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

18506 Kingsdale Ave
Redondo Beach, CA 90278


HIGHLIGHTS

  • Perfect Owner/User or Investment Opportunity
  • Beautifully Remodeled Vacant 3-bedroom/2-bath supplemented by strong income from the 2-bedroom/1-bath unit in the back
  • Highly Sought After Pocket of Torrance perfect for families with close proximity to everday essentials and large park
  • Very rare opportunity to own a 2 on a lot which residents enjoy because of the privacy it provides

OVERVIEW

Two detached homes on one lot! We are pleased to present a rare two-on-a-lot opportunity in one of the South Bay's most desirable residential pockets. Two detached structures, each with its own private courtyard and garage, offer a level of separation and privacy that a home buyer dreams of at a rare price point. The vacant front home - a beautifully remodeled 3-bedroom, 2-bath - is move-in ready for an owner/user or can be delivered at market rent from day one. The rear 2-bedroom, 1-bath unit provides immediate income to offset your mortgage costs for a young family. The lot also accommodates an ADU, creating a clear path to a third income stream and meaningful upside on long-term asset value. Another huge perk, this home is located directly across the street from the very large and quiet El Nido Park. With a playground for young kids, tons of grass, and a baseball field. Your home comes with the biggest yard a kid can dream of. The park also offers endless parking for your guests for hosting bbq's and parties. Whether you're looking to live in one unit and offset your mortgage, house two generations under one roof, or add a stabilized asset to your portfolio - this property delivers on all fronts.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$694 USD /SF

# OF UNITS

2

PRICE/UNIT

$712,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner/User Investment in Redondo Beach

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,092 SF

ZONING

R-2

APN/PARCEL ID

4083-008-011

ASK ABOUT THIS PROPERTY

Stephen TakahashiLyon Stahl Investment Real Estate, Inc.More Info
310-403-9145

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Stephen TakahashiLyon Stahl Investment Real Estate, Inc.More Info
310-403-9145

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