2020 Graham Avenue, Redondo Beach, CA 90278
-
Listed Price :
$6,200,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1970
Property Description
Graham Street is a rear find! Built in 1970’s and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach’s best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location.
A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy.
Continuous building maintenance and upgrades have been performed with the highest standards. Unit upgrades include remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Cap Rate at Proforma Income is 4.1% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 14 parking spaces consisting of tuck under and separate building all have storage.
This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, See Remarks |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Features |
Balcony, Granite Counters, Storage, Solid Surface Counters |
| Cooling Type |
None |
Listing Information
| Address |
2020 Graham Avenue |
| City |
Redondo Beach |
| State |
CA |
| Zip |
90278 |
| County |
Los Angeles |
| Listing Agent |
Ross Moore DRE #00630984 |
| Courtesy Of |
Re/Max Estate Properties |
| List Price |
$6,200,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
15,006 |
| Year Built |
1970 |
Listing information courtesy of: Ross Moore, Re/Max Estate Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 10th, 2025 at 1:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
