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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$ 895,000
Est. payment | /mo
2,872 SqFt
$ 895,000
Est. payment | /mo
2,872 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,872 sqft
Price per Sqft $311
MLS Listing ID PW-25113997
Year Built 1954
Lot Size 6,893 Sqft
Property Sub-Type Quadruplex
Property Description
716 West Redondo Beach Boulevard is a fourplex in Gardena, California. This value-add opportunity offers a new investor the chance to acquire an asset in a strong rental market and capture 45 percent rental upside. This is also a great acquisition opportunity for an owner/user. Further adding to this property's potential, a new investor may be able to convert the garages to four 450-square foot one-bedroom ADU's (buyer to verify). 716 West Redondo Beach Boulevard is a 2,872-square foot 1954 construction with four one-bedroom/one-bath units that are separately metered for gas and electricity. Each unit has washer/dryer hookups, a single-car garage and new windows. The property is in a strong rental location conveniently near the 110 Freeway and within a half-mile of major retailers and two of the cities' top employers: the Memorial Hospital of Gardena and the Hustler Casino.
Location
State CA
County Los Angeles
Area 116 - North Gateway
Zoning LAR3
Interior
Laundry Inside
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Suburban
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114