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$ 2,900,000
Est. payment /mo
Active
1100 Barbara Street Redondo Beach, CA 90277
9 Beds
4,610 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,610 sqft
Price per Sqft $629
MLS Listing ID CL25620429
Bedrooms 9
HOA Y/N No
Year Built 1965
Lot Size 6,529 Sqft
Acres 0.15
Property Sub-Type OTHER
Property Description
We are pleased topresent 1100 Barbara Street, a four-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) and (3) two-bedroom/two-bath units (each over 1,000 SF). Two of the four 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. One (1) two-bed/two-bath unit to be delivered vacant. This offering presents an excellent opportunity for either an investor or owner-user 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 14% 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. 1100 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1102 Barbara Street, 1109 Barbara Street, and 1110 Barbara Street. Please reach out to S
Location
State CA
County Los Angeles
Zoning RBRM
Interior
Heating Electric
Cooling Other
Fireplace No
Laundry Dryer, Washer, Other
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 7507023021
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Listed by Nabil Awada • Matthews Real Estate Investment Services