• 1,782 sq.ft.
  • 5,175 sq.ft. lot
offered at $749,000
Status: Active Under Contract // Property Type:
County: Los Angeles // Year Built: 1950

Property Description

Motivated Seller! This is a terrific opportunity to own an attractive and well-maintained fully occupied duplex that has historically been utilized and rented as a tri-plex. This non-rent controlled investment has room to increase the rents and is a value-add opportunity. Located in the desirable central South Bay area near the surrounding Manhattan and Redondo Beach communities with inviting shopping/dining destinations and quick access to the 405 freeway. The front 2 bedroom 1 bath has an attached 2 car garage and fenced front yard, the rear, built in 1960 is a 2-bed/1 bath and 1-bed/1 bath are comprised of 1,176 square feet (per city permits). The total assessor square footage is 1,782. The residents share a coin operated laundry service located in the front garage. The front 2 bedroom home has a newer roof. The front tenant pays their own utilities and the ownership pays the utilities for the back 2 and 1 bedroom units. The back unit(s), if desired, could be converted back into a 3 bedroom 2 bath home. The solid demand for quality rental housing, continued economic growth in the South Bay and the high cost of home ownership all support strong fundamentals for this investment opportunity. Please do not disturb residents, offer subject to inspection.

Listing Courtesy of Michael McKinney, CBRE Inc.

Exterior Features

Exterior Features: Curbs, Sidewalks, Storm Drains, Street Lighting // Roof: See Remarks, Shingle
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of December 5, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.