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Diego Magdaleno

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

$2,950,000

Est. payment - /mo

9 Beds

8 Baths

4,610 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,610 sqft

Price per Sqft $639

MLS Listing ID 25620449

Bedrooms 9

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1965

Lot Size 7,588 Sqft

Property Description

We are pleased to present 1109 Barbara Street, a four-unit apartment building located in the heart of Redondo Beach, CA. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF) and (3) two-bedroom/two-bath units (each over 1,000 SF). Three of the four 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. One (1) two-bed/two-bath unit to be delivered vacant. 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 14% 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. 1109 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1100 Barbara Street, 1102 Barbara Street, and 1110 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, Garage

Garage Spaces 6.0

Garage Description 6.0

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7507023036

Special Listing Condition Standard

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Listed by Nabil Awada Matthews Real Estate Investment Services

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1109 Barbara ST Redondo Beach, CA 90277