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2320 Grant Ave

Redondo Beach CA 90278

10
5
5
4511 sq. ft.
7509 sq. ft.
Other
Currently for sale - view listing

Overview

Price Reduced by $50,000! Located in North Redondo Beach, 2320 Grant Avenue consists of (1) 2-Bedroom/1-Bathroom House and (4) 2-bedroom/1-bathroom units. The front house is completely detached from the rear units and contains a private front yard and its own washer/dryer hookups. Additionally, a rear private backyard is located behind the rear building providing private outdoor space for one of the 2-Bedroom/1-Bathroom units. The property sits on a 7,509-SF lot and features 5 garage spaces. The asset contains stable-in place rents yielding a 4.56% cap rate and 15.65 GRM. The property also has significant rental upside with a pro-forma cap rate of 5.95%. This is a perfect opportunity for an Owner-User or an investor looking to achieve higher rents. The property is NOT subject to Los Angeles City Rent Control and defaults to AB-1482 where an investor can raise rents up to 8.9% annually as of today.

Features

10 bedrooms
5 bathrooms
5 carspaces
5 garage spaces
4511 sq. ft. floor area
7509 sq. ft. lot size
Other

Happy sellers in Redondo Beach

69%
69% 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 10 bedroom other properties in Redondo Beach

In the last 12 months, 1 numeral.10-bedroom other similar to 2320 Grant Ave, have been sold.

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