108 North Prospect Avenue

Redondo Beach, CA 90277

$2,400,000
Last Sold Price
9
Beds
9
Baths
4,492 Sq. Ft.
$534 / Sq. Ft.
4,492
Sq. Ft.
$534
per Sq. Ft.

Description

108 N Prospect is a recently updated 4-unit in South Redondo Beach. The building was built in 1973 and consists of 4,949 SF of living space situated on a 6,428 SF lot. The property offers all townhomes style units consisting of (1) 3-bed/2.5-bath owner’s unit & (3) 2-bed/1.5-bath units. The property features private patios for each unit, an on-site laundry facility, and (3) 2-car garages. Given the ideal location and in-place income, this is an excellent opportunity for an owner-user or a yield-focused...108 N Prospect is a recently updated 4-unit in South Redondo Beach. The building was built in 1973 and consists of 4,949 SF of living space situated on a 6,428 SF lot. The property offers all townhomes style units consisting of (1) 3-bed/2.5-bath owner’s unit & (3) 2-bed/1.5-bath units. The property features private patios for each unit, an on-site laundry facility, and (3) 2-car garages. Given the ideal location and in-place income, this is an excellent opportunity for an owner-user or a yield-focused investor to acquire a well-located asset in Prime Redondo Beach.
  1. Listed by J.Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 108 North Prospect Avenue

Parking Spaces Total
6
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4492
Assessor Parcel Number
7518-004-019
Property Attached YN
true
LISTING UPDATED: 03/21/2023 08:04 AM

Property Details for 108 North Prospect Avenue

StatusClosed
MLS #SB21132879
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.15 AC / 6,428 SF
CountyLos Angeles County

Virtual Tour

Building Information for 108 North Prospect Avenue

Stories-Residences-Year Built1973Building Size-Lot Size0.15 AC / 6,428 SF

Property Information for 108 North Prospect Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $111,511
  • Gross Scheduled Income: $114,960
  • Net Operating Income: $76,072
  • Gross Multiplier: 19.14
  • Cap Rate: 3.46
  • Financing: Conventional
Expense Details
  • Operating Expense: $35,439
  • New Taxes Expense: $25,794
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,797
  • Maintenance Expense: $3,449
  • Maintenance Percent: 3.00%
  • Other Expense: $3,200
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $35,439
Tax / Assessment Info
  • Tax Block: 36
  • Tax Tract Number: 10019
  • Tax Census Tract: 6212.01
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,350
  • Unit Type Total Rent: $2,350
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,470
  • Unit Type Total Rent: $2,470
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,260
  • Unit Type Total Rent: $2,260
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 108 North Prospect Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., J.Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.