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$ 2,950,000
Est. payment | /mo
7 Beds
4,610 SqFt
$ 2,950,000
Est. payment | /mo
7 Beds
4,610 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,610 sqft
Price per Sqft $639
MLS Listing ID CL25620449
Bedrooms 7
HOA Y/N No
Year Built 1965
Lot Size 7,589 Sqft
Acres 0.17
Property Sub-Type OTHER
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. This offering presents an excellent opportunity for either an investor or owner-user 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 mar
Location
State CA
County Los Angeles
Zoning RBRM
Interior
Heating Electric
Cooling Other
Fireplace No
Laundry Dryer, Washer, Other
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 7507023036
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Listed by Nabil Awada • Matthews Real Estate Investment Services
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "