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2013 Ruhland Avenue

Redondo Beach CA 90278

9
8
6
4895 sq. ft.
7506 sq. ft.
Other
Currently for sale - view listing

Overview

This well-located fourplex presents an exceptional investment opportunity in the highly desirable North Redondo Beach market, situated approximately two miles from the Hermosa Beach Pier, Manhattan Beach Pier, and the Pacific Ocean. The property offers tenants convenient access to an abundance of premier coastal dining, retail, entertainment, and lifestyle amenities. The expansive 4,895-SF building is situated on a large 7,506-square-foot lot and features an attractive unit mix consisting of (1) 3-bedroom/2-bath unit, (2) 2-bedroom/1.5-bath townhouse units, and (1) 2-bedroom/1.5-bath unit. Additional property amenities include six garage spaces and outstanding ADU potential, with the oversized lot and existing garages presenting a desirable opportunity to add ADUs. From an investment standpoint, the property offers a compelling combination of stable in-place income and meaningful upside potential, featuring a 3.88% current cap rate and 16.74 GRM with the ability to achieve a 5.40% pro-forma cap rate and 13.27 pro-forma GRM. The asset is not subject to local rent control (AB 1482 only), allowing investors to benefit from attractive annual rent increases and long-term rental growth. Additionally, the property qualifies for residential financing, providing buyers with expanded financing options and access to more favorable loan terms.

Features

9 bedrooms
8 bathrooms
6 carspaces
6 garage spaces
4895 sq. ft. floor area
7506 sq. ft. lot size
Other

Happy sellers in Redondo Beach

66%
66% of sellers in Redondo Beach reported that their sale price either exceeded or met their price expectations.

Redondo Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Redondo Beach over the last 12 months.

Local market activity for 9 bedroom other properties in Redondo Beach

In the last 12 months, 3 nine-bedroom other properties similar to 2013 Ruhland Avenue, have been sold.

This represents a 34% increase in nine-bedroom other properties sales when compared to the previous 12 months.

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