Residential
2116 Bataan Road, Redondo Beach, CA, 90278-1436
Sold
$1,800,000
7 Parking
Listed By: Listing Office: Re/Max Estate Properties, Listing Agent: David Keller
Source: California Regional Multiple Listing Service
Sold Date: 2016/10/26
4 LARGE townhouse style units. High demand, easily rented units. All long term tenants, all month to month. Currently below market rents. Building and units in good condition (but interiors could use updating to increase rents). 3 bedroom 2 bath - "owner's unit" has fireplace, dishwasher and large balcony. All other units have 2 bedrooms 1 1/2 baths. All units have and washer, dryer hookups. Units B & C have Balconies. 3 units have detached 2 car garages; 1 unit has attached 1 car garage with direct entry to the unit. All electric building with individual meters. The location is excellent, wide street with good mix of properties including new and newer construction. The location has superior access to freeways and all services - it is also Manhattan Beach adjacent. With a little updating the rents should match the (pro-forma that is stated below). POTENTIAL gross income of $112,800 with current actual expenses and new taxes NOI would be $80,988 - this is a 4.2 CAP rate and 16.8 GRM. Offers are subject to inspection and presented as a 1031 Exchange at no cost, liability or delay to the buyer.
MLS® ID SB16189063
UPDATED: 07/24/2023 23:04
Details
Location Details
Formatted Street Address 2116 Bataan Road
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Country US
Property Details
Special Listing Conditions Standard
Listing Terms Exchange1031, Submit
Interior Details
Fireplace Living Room
Building Details
Year Built 1968
Approx Age 58
Garage Spaces 7
Water Supply Types Public
Land Details
Lot Size 7505
Acreage No
Irregular No
Lot Description Level, Near Park
Zoning RBR-2
Outdoor Area Level |Near Park
Pool None
Private Pool No
Shoreline No
Community Features Curbs, Suburban, Sidewalks, Park
Property Features
Feature Curbs
Feature Suburban
Feature Sidewalks
Feature Park
Other
Status Sold
Location
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