$2,500,000
- Beds
- 10
- sq ft
- 4,511
2320 Grant Ave, Redondo Beach, CA 90278
2320 Grant Ave
Redondo Beach, CA 90278
- 58 days on market
- Price drop $50,000↓
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.
Details
Property type
Lot size
7,509 sq ft
Price per sq ft
$555
Year built
1951
HOA
No
Price History
09/06/2024
CLAW #24424955
Price change
$2,500,000
-1.96%
08/07/2024
CLAW #24424955
Listed
$2,550,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 10/05/2024 at 12:30 AM
Listing updated: 09/30/2024 at 9:59 PM
Listed by: Gianluca Jacoli, Shield CRE, Inc. Phone #: (310) 593-9869
MLS: CLAW #24424955
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