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Listing 17 out of 128
Sold for $1,885,000 Sold

1324 Amethyst Street
Redondo Beach, CA 90277

4 units | Multi Family Home
5489 sq ft lot - MLS# SB18287413
Property Photo

Sold

Sold for $1,885,000 on Feb 26, 2019

Description

1324 Amethyst St is a 4-unit building for sale in Redondo Beach. This 4,378 SF building was built in 1963 and is centrally located near restaurants, shops, and the beach. Situated on a 5,490 SF lot, this property features five (5) garages and a desirable unit mix consisting of one (1) 3- bed/2.5-bath, two (2) 2-bed/2-bath, and one (1) 1-bed/1-bath unit. The property contains all copper plumbing, as well as a new flat roof (2016), deck (2018), and fence. The building was also recently painted and landscaped with drought-resistant material (water efficient drip system). Additionally, Unit A has been partially remodeled with granite countertops and a new stove. Given the great location and high upside in market rent potential (over 50% increase in potential rent), this property is an excellent opportunity for any investor looking to acquire prime Redondo Beach real estate. *Buyer to verify all renovations.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,950,000
  • Zip Code: 90277
  • Year Built: 1963
  • Units: 4 units
  • # of Parking Spaces: 7.00
  • Lot Size: 5489 sq ft lot
  • Zoning: RBRMD
  • Area: 155 - S Redondo Bch N of Torrance Bl
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4170.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 01399621
  • Co-Listing Office License: 01972083
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
  • Country: US
  • Directions: South side of Amethyst St near the intersection Flagler Ln
  • Garage Spaces: 5.00
  • Gardener Expense: 1200.00
  • Gross Income: 74280.00
  • Gross Scheduled Income: 74280.00
  • Insurance Expense: 1460.00
  • Listing Agent License: 01717818
  • Listing Office License: 01972083
  • Lot Features: Front Yard, Landscaped, Yard
  • Lot Size Area: 5490.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 6780.00
  • Net Operating Income: 36650.00
  • New Taxes Expense: 22761.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 35401.00
  • Other Expense: 3200.00
  • Other Expense Description: Utility
  • Selling Agent: Doug Lawson
  • Selling Agent License: 02034909
  • Selling Office: Lyon Stahl Investment Real Estate, Inc.
  • Selling Office License: 01972083
  • Sewer: Public Sewer
  • Total Expenses: 35401.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 1885000.00
  • Sold Date: 2019-02-26
Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon

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