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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$4,250,000

Est. payment - /mo

13 Beds

12 Baths

6,792 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,792 sqft

Price per Sqft $625

MLS Listing ID 25620381

Bedrooms 13

HOA Y/N No

Year Built 1965

Lot Size 0.261 Acres

Property Description

We are pleased to present 1110 Barbara Street, a seven-unit apartment building located in the heart of Redondo Beach. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF), (4) two-bedroom/two-bath (each over 1,000 SF), and (2) one-bed/one-bath units. Four of the seven units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the units are currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other shared utility expenses. This offering presents an excellent opportunity for either an investor to capitalize on strong rental demand and premium market rents in one of the South Bay's most coveted coastal communities with no local rent control and 17% rental upside potential on current rents. Residents enjoy the best of coastal living in a highly sought-after South Bay neighborhood, just minutes from world-class beaches, parks, restaurants. 1110 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1100 Barbara Street, 1102 Barbara Street, and 1109 Barbara Street. Please reach out to Seller's Agent for more information and the full marketing package.

Location

State CA

County Los Angeles

Area 156 - S Redondo Bch S Of Torrance Bl

Zoning RBRMD

Interior

Heating Electric

Cooling Electric

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Oven, Refrigerator, Dryer, Washer

Laundry Stacked

Exterior

Parking Features Door-Multi, Door-Single, Garage

Garage Spaces 11.0

Garage Description 11.0

Total Parking Spaces 11

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7507023022

Special Listing Condition Standard

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Listed by Nabil Awada Matthews Real Estate Investment Services

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1110 Barbara ST Redondo Beach, CA 90277