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    2621 Huntington Lane

    Redondo Beach, CA 90278
    • $1,995,000
    • STATUS: Active
    • ON SITE: 49 Days
    • ID#: SB21189414
    Price Reduced
    UPDATED: 45 min ago
    $1,995,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Significant Price reduction. The lowest price per sq. Ft. Units in all of Redondo Beach - only $446/sq.ft. Which means lots of rent upside. Four Unit building in El Nido area of North Redondo. Rents have not been raised in a long time and approximately 60% in rental upside. All units have 2 bathrooms. Two bedroom + 2 bath front house. In the back are two more 2 bedroom + 2 bath units, as well as a 3 bedroom + 2 bath owner's unit. Four Garage Spaces. 14.46 GRM and 4.84% cap rate at Market Rents. Front house built in 1953. Back 3 units built in 1963.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T10:26:14.627. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/120889829
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    2621 Huntington Lane Redondo Beach, CA 90278

    • Price: $1,995,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: SB21189414
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1953
    Built
    Neighborhood:
    153 - N Redondo Bch/El Nido
    County:
    Los Angeles
    Area:
    153 - N Redondo Bch/El Nido
    Property Description
    Significant Price reduction. The lowest price per sq. Ft. Units in all of Redondo Beach - only $446/sq.ft. Which means lots of rent upside. Four Unit building in El Nido area of North Redondo. Rents have not been raised in a long time and approximately 60% in rental upside. All units have 2 bathrooms. Two bedroom + 2 bath front house. In the back are two more 2 bedroom + 2 bath units, as well as a 3 bedroom + 2 bath owner's unit. Four Garage Spaces. 14.46 GRM and 4.84% cap rate at Market Rents. Front house built in 1953. Back 3 units built in 1963.
    Exterior Features

    Lot Features Street Level Number Of Separate Electric Meters 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Common Walls No Common Walls Fireplace Features None Fireplace YN No

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsSidewalks Current Financing None Electric Expense 184 Fuel Expense 200 Garage YN Yes Gross Income 78240 Gross Scheduled Income 78240 Insurance Expense 2012 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 3795 Net Operating Income 41208 New Construction YN No New Taxes Expense 22145 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 37032 Possession Close Of Escrow Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 3000 Vacancy Allowance 2347 Vacancy Allowance Rate 3 Water Sewer Expense 3698 Water Source Public Zoning Rbr-2

    Listing provided courtesy of Michael Millea of Keller Williams Beach Cities


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T10:26:14.627. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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