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1235 Amethyst Street

Redondo Beach, CA 90277
  • $2,250,000
  • STATUS: ACTIVE
  • ON SITE: 134 Days
  • ID#: SB24076735
UPDATED: 71 min ago
$2,250,000
  • 8
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This beautifully refreshed four-unit property is an attractive option for both cash-flow investors and owner users. Front owners Unit A: 3 bedrooms, 2.5 bathrooms, two-story with double garage. Rear Building: (1) - 2 bedroom/2 bath, (1) - 2 bedroom/1.75 bath, (1) - 1 bedroom/1 bath, with three single garages. **Upgrades have been completed for an admitted California insurance carrier policy! New electrical sub-panels in all units, new water heater safety upgrades, freshly paint, new vinyl fencing, new garage doors and motors, new artificial turf, new rebuilt balcony walkway and roofing upgrades. Significant rental upside potential due to month-to-month leases and desirable location. Conveniently located minutes from King Harbor, restaurants, entertainment, shopping, seafood markets, whale watching, etc. One block from Redondo Village Center with a Vons market, hospitality and retail. This property is an excellent opportunity for an investor or for an owner seeking a residence with additional rental units to offset costs. Its proximity to local attractions and amenities enhances its appeal and potential for future value appreciation. This beautifully refreshed four-unit property is an attractive option for both cash-flow investors and owner users. Front owners Unit A: 3 bedrooms, 2.5 bathrooms, two-story with double garage. Rear Building: (1) - 2 bedroom/2 bath, (1) - 2 bedroom/1.75 bath, (1) - 1 bedroom/1 bath, with three single garages. **Upgrades have been completed for an admitted California insurance carrier policy! New electrical sub-panels in all units, new water heater safety upgrades, freshly paint, new vinyl fencing, new garage doors and motors, new artificial turf, new rebuilt balcony walkway and roofing upgrades. Significant rental upside potential due to month-to-month leases and desirable location. Conveniently located minutes from King Harbor, restaurants, entertainment, shopping, seafood markets, whale watching, etc. One block from Redondo Village Center with a Vons market, hospitality and retail. This property is an excellent opportunity for an investor or for an owner seeking a residence with additional rental units to offset costs. Its proximity to local attractions and amenities enhances its appeal and potential for future value appreciation.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/152109226
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1235 Amethyst Street Redondo Beach, CA 90277

  • Price: $2,250,000
  • Status: ACTIVE
  • On Site: 134 Days
  • Updated: 71 min ago
  • ID#: SB24076735
8
Beds
0
Baths
0
½ Baths
0.12
Acres
Neighborhood:
Redondo Beach (90277)
County:
Los Angeles
Area:
Redondo Beach (90277)
Property Description
This beautifully refreshed four-unit property is an attractive option for both cash-flow investors and owner users. Front owners Unit A: 3 bedrooms, 2.5 bathrooms, two-story with double garage. Rear Building: (1) - 2 bedroom/2 bath, (1) - 2 bedroom/1.75 bath, (1) - 1 bedroom/1 bath, with three single garages. **Upgrades have been completed for an admitted California insurance carrier policy! New electrical sub-panels in all units, new water heater safety upgrades, freshly paint, new vinyl fencing, new garage doors and motors, new artificial turf, new rebuilt balcony walkway and roofing upgrades. Significant rental upside potential due to month-to-month leases and desirable location. Conveniently located minutes from King Harbor, restaurants, entertainment, shopping, seafood markets, whale watching, etc. One block from Redondo Village Center with a Vons market, hospitality and retail. This property is an excellent opportunity for an investor or for an owner seeking a residence with additional rental units to offset costs. Its proximity to local attractions and amenities enhances its appeal and potential for future value appreciation. This beautifully refreshed four-unit property is an attractive option for both cash-flow investors and owner users. Front owners Unit A: 3 bedrooms, 2.5 bathrooms, two-story with double garage. Rear Building: (1) - 2 bedroom/2 bath, (1) - 2 bedroom/1.75 bath, (1) - 1 bedroom/1 bath, with three single garages. **Upgrades have been completed for an admitted California insurance carrier policy! New electrical sub-panels in all units, new water heater safety upgrades, freshly paint, new vinyl fencing, new garage doors and motors, new artificial turf, new rebuilt balcony walkway and roofing upgrades. Significant rental upside potential due to month-to-month leases and desirable location. Conveniently located minutes from King Harbor, restaurants, entertainment, shopping, seafood markets, whale watching, etc. One block from Redondo Village Center with a Vons market, hospitality and retail. This property is an excellent opportunity for an investor or for an owner seeking a residence with additional rental units to offset costs. Its proximity to local attractions and amenities enhances its appeal and potential for future value appreciation.
Exterior Features

Pool N/K Roof Composition Site CurbsSidewalks

Interior Features

Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 1

Property Features

Actual Cap Rate 3.3 Annual Expense Actual 32766 Buildings 2 Cfd Mello Roos Fee 1152.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 107520 Home Owners Fees 0.0 Monthly Total Fees 96 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2700.0 Unit2 Rent Actual 1800.0 Unit3 Rent Actual 2393.0 Unit4 Rent Actual 2067.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Mark Tuccinardi of Vista Sotheby’s International Realty: 310-376-1177. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128