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1314 Agate Street

Redondo Beach, CA 90277
  • $2,350,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: SB22084043
UPDATED: 57 min ago
$2,350,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Brett Lyon of ()


Description

1314 Agate Street is a well-positioned 4-Unit in Redondo Beach. Built in 1963, the 4,186 SF building sits on a 5,537 SF lot, and features (1) 4-bed/2-bath house with a 2-Car Garage, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit with a shared 3-Car Garage. Currently sitting at a 3.77% cap rate, there is upside potential of a 4.50% market cap.Given the ideal location in a high-growth city and consistent income of over $10,800/mo., this is a great opportunity to own a quality asset for any Los Angeles CRE investor.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T18:34:23.413. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128512141
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1314 Agate Street Redondo Beach, CA 90277

  • Price: $2,350,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 57 min ago
  • ID#: SB22084043
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1963
Built
Neighborhood:
155 - S Redondo Bch N of Torrance Bl
County:
Los Angeles
Area:
155 - S Redondo Bch N of Torrance Bl
Property Description
1314 Agate Street is a well-positioned 4-Unit in Redondo Beach. Built in 1963, the 4,186 SF building sits on a 5,537 SF lot, and features (1) 4-bed/2-bath house with a 2-Car Garage, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit with a shared 3-Car Garage. Currently sitting at a 3.77% cap rate, there is upside potential of a 4.50% market cap.Given the ideal location in a high-growth city and consistent income of over $10,800/mo., this is a great opportunity to own a quality asset for any Los Angeles CRE investor.
Exterior Features

Lot Features Near ParkRectangular Lot Number Of Separate Electric Meters 1 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.77 Common Interest None Community Features CurbsDog ParkStreet LightsSidewalksPark Contingency 1. Questions: All Specific Property Related information is Covered in The Marketing Package in The Supplemental Section On The Mls. ----- 2. Communication: Please Direct Any Additional Questions Not Covered in The Marketing Package To Our Team At Broker@Lyonstahl.Com. ----- 3. Showings: There Will Be No Showings Or Open Houses. Please Submit Offers Subject To interior inspection. ----- 4. Offers: Please Submit Offers To Broker@Lyonstahl.Com. Please include Proof Of Funds And Pre-Approval (If App Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 129852 Gross Scheduled Income 129852 Insurance Expense 2093 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 3896 Net Operating Income 88484 New Construction YN No New Taxes Expense 27084 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 4 Number Of Units Leased 3 Operating Expense 37472 Other Expense 3200 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 10821 Trash Expense 0 Vacancy Allowance 3896 Vacancy Allowance Rate 3 Water Source Public Zoning Rbrmd



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T18:34:23.413. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Brett Lyon of ()