2320 Grant Avenue, Redondo Beach
Redondo Beach Home For Sale
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 4.55% cap rate and 15.69 GRM. The property also has significant rental upside with a pro-forma cap rate of 5.81%. 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.
Property Details
Additional Information
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- City:
- Redondo Beach
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- County:
- Los Angeles
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- Zip:
- 90278
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- MLS® #:
- 24424955
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- Bedrooms:
- 10
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- Bathrooms:
- 5
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- Square Ft:
- 4,511
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- Lot Size:
- 0.17
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- Levels:
- One, Two
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- Garages:
- 5
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 9th, 2024 at 12:25am PDT. 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, 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.