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$5,300,000

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0.34 Acres Lot

Active Under Contract

2020 Graham AVE Redondo Beach, CA 90278

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Jenny Wu

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Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB25001636

HOA Y/N No

Year Built 1970

Lot Size 0.344 Acres

Property Sub-Type Mixed Use

Property Description

Graham Street is a rare find! Built in 1970's and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach's best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location.

A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy.

Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 5.6% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 18 parking spaces consisting of tuck under and separate building all have storage.

This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.

Location

State CA

County Los Angeles

Area 151 - N Redondo Bch/Villas North

Zoning RBR-2

Interior

Interior Features Balcony, Granite Counters, Storage, Solid Surface Counters

Cooling None

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Range

Laundry Common Area, See Remarks

Exterior

Exterior Feature Brick Driveway

Parking Features Assigned, Covered, Driveway Level, Driveway, Garage, On Site, Workshop in Garage

Garage Spaces 18.0

Garage Description 18.0

Pool None

Community Features Curbs, Gutter(s), Street Lights

Utilities Available Cable Available, Electricity Available, Sewer Connected, See Remarks, Water Available, Water Connected

Accessibility None

Total Parking Spaces 18

Private Pool No

Building

Lot Description Landscaped, Level

Faces North

Story 3

Entry Level Three Or More,Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Three Or More, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4155006030

Energy Description 2760.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Ross Moore • Estate Properties • 310-947-6997

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Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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2020 Graham AVE Redondo Beach, CA 90278

Jenny Wu

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