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Key Details
Sold Price $1,505,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $836
MLS Listing ID SB21158111
Sold Date 12/10/21
Bedrooms 4
Full Baths 2
Construction Status Fixer
HOA Y/N No
Year Built 1949
Lot Size 5,357 Sqft
Acres 0.123
Property Description
218 Ruby Street represents a rare opportunity for investors or developers to purchase a RBR-3A zoned duplex on a corner lot. This prime location is both west of PCH and south of Torrance Blvd and just 2 short blocks to the beach. Located on a tree lined street with charming craftsman bungalows nearby, the existing duplex is two 2 bedroom, 1 bath units - one up and one down. For the eager investor, there is a great opportunity to upgrade the units and capture up to 46% upside in gross rents. The lot usage of existing improvements leaves plenty of room to explore options to add more square footage or a potential ADU on the property. Buyers will want to check with the city of Redondo Beach for potential redevelopment of larger units on this perfectly located corner lot property. Please do NOT disturb the tenants or walk the property. See agent comments for additional information and supplements.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Zoning RBR-3A
Rooms
Other Rooms Shed(s)
Main Level Bedrooms 2
Ensuite Laundry Outside
Interior
Interior Features All Bedrooms Up, All Bedrooms Down
Laundry Location Outside
Cooling None
Flooring Carpet, Wood
Fireplaces Type None
Fireplace No
Laundry Outside
Exterior
Garage Driveway
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Flat
Porch None
Parking Type Driveway
Private Pool No
Building
Lot Description Corner Lot
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
Additional Building Shed(s)
New Construction No
Construction Status Fixer
Schools
School District Redondo Unified
Others
Senior Community No
Tax ID 7508010012
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Trust
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Bought with Kyle Daniels • Vista Sotheby’s International Realty
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