8
See all 8 photos
$2,350,000
Est. payment /mo
7,505 Sqft Lot
Active
2513 Carnegie LN Redondo Beach, CA 90278
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UPDATED:
12/05/2024 04:37 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24225852
HOA Y/N No
Year Built 1962
Lot Size 7,505 Sqft
Property Description
Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Location
State CA
County Los Angeles
Area 152 - N Redondo Bch/Villas South
Zoning RBR-3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Park, Urban
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4157008017
Energy Description 540.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Malcolm Zeger • Buckingham Investments, Inc • 626-483-7983