Active
2320 Grant Avenue
Redondo Beach CA, 90278
$2,500,000
$554.20 per sqft
Active
10 Beds
5 Baths
4,511 sqft
Residential
Built in 1951
Listed by Gianluca Jacoli with Shield CRE, Inc. 310-593-9861
Price Reduced by $50,000! Located in North Redondo Beach, 2320 Grant Avenue consists of (1) 2-Bedroom/1-Bathroom House and (4) 2-bedroom/1-bathroom units. The front house is currently vacant for the new buyer. The front house is completely detached from the rear units and contains a private front yard and its own washer/dryer hookup. Additionally, a rear private backyard is located behind the rear building providing private outdoor space for one of the 2-Bedroom/1-Bathroom units. The property sits on a 7,509-SF lot and features 5 garage spaces. The asset contains stable-in place rents yielding a 4.67% cap rate and 15.39 GRM. The property also has significant rental upside with a pro-forma cap rate of 5.95%. This is a perfect opportunity for an Owner-User or an investor looking to achieve higher rents. The property is NOT subject to Los Angeles City Rent Control and defaults to AB-1482 where an investor can raise rents up to 8.9% annually as of today.
24424955
MLSⓇ ID
August 7, 2024
Listed
September 13, 2024
Updated
Map
2320 Grant Avenue
Redondo Beach CA, 90278
Interior Features
Total Stories
1
Bedrooms
10
Total Bathrooms
5
Appliances
Dryer, Washer
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Area Name
152 - N Redondo Bch/Villas South
Days on Market
34
Garage
Yes
Garage Spaces
5
Parking
Garage
Parking Total
5
View
No
County
Los Angeles
Pool
No
Zoning
RBR-3
Listing History
Date | Event | Price |
|---|---|---|
9/6/2024 | Price change | $2,500,000 -2% |
Listing Contact: 310-593-9869
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/13/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 9/13/2024 at 3:14 PM UTC