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$ 4,250,000
Est. payment | /mo
6,792 SqFt
$ 4,250,000
Est. payment | /mo
6,792 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,792 sqft
Price per Sqft $625
MLS Listing ID CL26835407
HOA Y/N No
Year Built 1965
Lot Size 0.261 Acres
Acres 0.2612
Property Sub-Type Other
Property Description
We are pleased to present 1110 Barbara Street, a seven-unit apartment building located in the heart of Redondo Beach. 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 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. Please reach out to Seller's Agent 2 for more information and the full marketing package. Updated financials reflect increased rental income and improved operating performance. Well-located asset with strong in-place returns and upside potential.
Location
State CA
County Los Angeles
Zoning RBRMD
Interior
Heating Electric
Fireplace No
Appliance Dryer
Laundry Dryer, Laundry Room, Washer, Other, Inside
Building
New Construction No
Others
Tax ID 7507023022
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Listed by John Wright • Matthews Real Estate Investment Services
Nearby Locations
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Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com