1923 Gates
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Listed by Tony Puma with eXp Realty of California Inc 310-800-7862
$2,499,000

1923 Gates

5,032 Sq.Ft. 7,494 Sq.Ft.

Description

Rare opportunity to buy this extra-large 4-UNIT PROPERTY WITH THREE VACANT UPDATED UNITS in highly sought-after North Redondo Beach. Put your own tenants in at market rate rents or owner-occupy one or more! The "sister property" next door is also available, creating huge upside development potential! Built in 1968, this well-maintained oversized fourplex (Two 3-Bed/2-Bath units with city/mountain views & two large 2-Bed/2- Bath units) features a total of 10 bedrooms and 8 bathrooms, offering strong income potential in one of the South Bay's most desirable coastal communities. This turnkey property allows investors to focus on maximizing returns almost immediately. Three units have been recently updated with new appliances, hardwood flooring, luxury vinyl bathroom flooring, and fresh interior paint. Each 3-bedroom includes a 2-car garage, & a 1-car garage for each 2-bedroom unit. The shared laundry room provides an additional source of income. Whether you're an experienced investor expanding your portfolio, an owner-occupant wanting to pay your mortgage with great rent-income, or just looking to build long-term wealth through real estate, this is an outstanding opportunity in a prime location.

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Location

1923 Gates, Redondo Beach, CA 90278

Status

For Sale

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Brett Zebrowski

Brett Zebrowski

TITLE

Real Estate Agent

LICENSE

DRE 01313739

Property Amenities

Interior
Laundry room Common Area
Area & Lot
Total area 5,032 Sq.Ft.
Lot Area 7,494 Sq.Ft.
Living area 5,032 Sq.Ft.
MLS® ID SB26109405
Year Built 1968
Type Multi-Family
Status For Sale
Exterior
Stories 2
Pool None
Heat type Radiant
Water Source Public
Garage Space 6.0
Sewer Public Sewer
Parking Garage, On Site
Lot Features 2-5 Units/Acre
Finance
Sales Price $2,499,000
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Schedule a Showing

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Thank you for your interest in 1923 Gates, Redondo Beach, CA 90278. We are reviewing your request and will be in touch shortly!

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Redondo Beach

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