108 North Prospect Avenue
$2,060,000
9
9
4,492
4,492
$459
Sold 1/31/20
Description
This 4-unit apartment building is an opportunity for an investor to purchase a multifamily property in the heart of beautiful South Redondo Beach. This turn-key investment allows for an owner to live in one unit and enjoy the top of the market rental income from the others. This opportunity also allows for a potential investor to obtain residential financing. The building consists of (1) three-bedroom/two-bathroom owner's unit and (3) two-bedroom/one and a half-bathroom units. Property is located...This 4-unit apartment building is an opportunity for an investor to purchase a multifamily property in the heart of beautiful South Redondo Beach. This turn-key investment allows for an owner to live in one unit and enjoy the top of the market rental income from the others. This opportunity also allows for a potential investor to obtain residential financing. The building consists of (1) three-bedroom/two-bathroom owner's unit and (3) two-bedroom/one and a half-bathroom units. Property is located less than one mile away from the beach and is near award-winning Redondo Beach schools. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Rents at the high end of the range result in 26% upside.
- Listed by David Harrington • DRE #01320460 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
- Listed by Nabil Awada • DRE #02046840 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
Property Details for 108 North Prospect Avenue
Zoning
RBR-3
Parcel Number7518004019
Total Units4.0
Living Area4492
Source Living AreaVendor Enhanced
AreaS. Redondo Beach North of Torrance Blvd (155)
Vacancy Rate3
Lot Size Area6439
LISTING UPDATED: 01/11/2021 06:09 PM
Property Details for 108 North Prospect Avenue
Status | Sold |
---|---|
MLS # | 19-518638 |
Days on Market | 67 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1973 |
Lot Size | 0.15 AC / 6,439 SF |
County | Los Angeles County |
Building Information for 108 North Prospect Avenue
Stories2Residences-Year Built1973Building Size-Lot Size0.15 AC / 6,439 SF
Property Information for 108 North Prospect Avenue
Property History for 108 North Prospect Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 108 North Prospect Avenue
Taxable ValueLand$1,664,640Additions$832,320Total$2,496,960
Tax Record2024$28,597 ($2,383 / month)
Home Facts
Total Finished SqFt4,492 SqFtAbove Grade Finished SqFt4,492 SqFtLot Size6,426 SqFtStyleQuadraplexYear Built1973ZoningRBR-3CountyLOS ANGELESAPN7518-004-019
Schools near 108 North Prospect Avenue
This home is within Redondo Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Beryl Heights Elementary School PublicK to 5 | ||
Parras (Nick G.) Middle School Public6 to 8 | ||
Redondo Union High School Public9 to 12 | ||
Redondo Beach Learning Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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