Property listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac [email protected]
$3,045,000
Marcus & Millichap is pleased to present the opportunity to acquire a turnkey fourplex in Redondo Beach, a coastal South Bay submarket with consistent rental demand and convenient access to beaches, retail, dining, and major freeways. The property has been extensively remodeled and offers a strong unit mix consisting of… Read More one four-bedroom/three-bathroom unit, two two-bedroom/two-bathroom units, and one two-bedroom/one-bathroom unit. Current rents provide approximately nine percent rental upside, offering investors an opportunity to increase income through future lease turnover.
2118 Carnegie Lane features completely remodeled interiors with vinyl plank flooring, quartz countertops, stainless steel appliances, updated cabinetry, modern fixtures, and stacking laundry units. The property also boasts rooftop decks, garages with EV charging capability, storage, security features, a new roof, repaved driveway, and more.
This offering presents an opportunity to acquire a pride-of-ownership asset in a highly desirable coastal rental market. Read Less
Listing Snapshot
Days Online
51
Last Updated
Property Type
Quadruplex
Lot Size
0.17 Acres
Year Built
1972
MLS Number
PW26176519
Additional Details
Building
Built in 1972, 1 building, 2 stories, Entry level: 1, Entry location: 1
Community
Suburban
Expenses
Operating: $52,074
Garage
6 spaces
Income
Gross Income: $183,000, Gross ScheduledIncome: $183,000, Net Operating Income: $128,676
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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