2408 Grant Avenue
Redondo Beach, California CA 90278-3839
Price: $2,999,000
Est. Monthly Payment: $12,879.42 See Details
Listing ID SB17126790 Status Active 5,341 Square Feet 0.170 Acres

Property Description:

First time this building has been on the market EVER! Owner has taken great care of the property over the -years and it shows! Large front 3 Bd/2 Ba Townhouse-style, 2-story front unit with fireplace and den - with private yard, as well. All-electric building, washer/dryer hookups for all units. Garage parking and the rear downstairs unit has a yard, also, in the rear. Best yet, the Seller will carry a note of up to 50% LTV! Skip the red tape at the bank - close quickly and hassle-free, here. The building is located in a highly accessible location unlike other, land-locked South Redondo neighborhoods, near Palos Verdes. Grant is a main artery that runs the length of North Redondo. The asset is minutes to the 405 Fwy attracting a tenant base working in the surrounding South Bay industries: aerospace, oil, gas, tech and of course, The Port of LA. It is also a quick walk to many retail, grocery and dining options along Artesia Blvd. Potential tenants are drawn to the beach lifestyle and also Redondo's strong city services and school system.
{"zipcode": "90278", "price": "2999000"}
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Listing ID: SB17126790
Number Of Units Total: 6
Current Price: 2999000
Gross Multiplier: 22.16
Cap Rate: 2.76
Lot Size Square Feet: 7507.00
Acres: 0.170
Zoning: RBR-3
Year Built: 1963
Price Per Square Foot: 561.51
Gross Scheduled Income: 135360
Rent Control YN: no


Gross Operating Income: 131299
Gross Income: 11280
Total Actual Rent: 11280
New Taxes Expense: 33499
Insurance Expense: 1600
Operating Expense: 48433.00
Water Sewer Expense: 1530
Trash Expense: 1530
Electric Expense: 1530
Total Expenses: 48433
Net Operating Income: 82866


Common Walls: 2+ Common Walls
Garage Spaces: 6.00
Levels: Two


Number Of Buildings: 1
Parking Features: Assigned
Parking Total: 6.00
Parking YN: yes
Pool Features: None
Pool Private YN: no


MLS Area Major: 154 - N Redondo Bch/Golden Hills
Postal Code: 90278
Latitude: 33.869031000000
Longitude: -118.367687000000


Community Features: Sidewalks
Land Lease YN: no
Laundry YN: yes
Lot Size Source: Assessor
Number Of Separate Electric Meters: 6
Number Of Separate Gas Meters: 6
Number Of Separate Water Meters: 1
Number Of Units Leased: 6
Year Built Source: Assessor
Water Source: Public
Vacancy Allowance Rate: 3.00
Vacancy Allowance: 4061
Tax Tract Number: Villa
Tax Lot: 8
Tax Block: 44
Senior Community YN: no
Parcel Number: 4157018008
Property Attached YN: yes

Zoning Info

Based on information from California Regional Multiple Listing Service, Inc. as of Sunday, July 23rd, 2017 and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Re/Max Commercial & Investment.

Contact - Listing ID SB17126790

Allden Investments

701 Calle de Arboles
Redondo Beach, CA 90277
Phone: (310) 791-6316
Phone Alt: (310) 766-5742
Fax: (310) 861-0193

Data services provided by IDX Broker