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1314 Agate Street

Redondo Beach, CA 90277
  • $2,350,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • ID#: SB22084043
UPDATED: 69 min ago
$2,350,000
  • 9
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

1314 Agate Street is a well-positioned 4-Unit in Redondo Beach. Built in 1963, the 4,186 SF building sits on a 5,537 SF lot, and features (1) 4-bed/2-bath house with a 2-Car Garage, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit with a shared 3-Car Garage. Currently sitting at a 3.77% cap rate, there is upside potential of a 4.50% market cap. Given the ideal location in a high-growth city and consistent income of over $10,800/mo., this is a great opportunity to own a quality asset for any Los Angeles CRE investor. 1314 Agate Street is a well-positioned 4-Unit in Redondo Beach. Built in 1963, the 4,186 SF building sits on a 5,537 SF lot, and features (1) 4-bed/2-bath house with a 2-Car Garage, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit with a shared 3-Car Garage. Currently sitting at a 3.77% cap rate, there is upside potential of a 4.50% market cap. Given the ideal location in a high-growth city and consistent income of over $10,800/mo., this is a great opportunity to own a quality asset for any Los Angeles CRE investor.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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1314 Agate Street Redondo Beach, CA 90277

  • Price: $2,350,000
  • Status: ACTIVE
  • On Site: 11 Days
  • Updated: 69 min ago
  • ID#: SB22084043
9
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
Redondo Beach (90277)
County:
Los Angeles
Area:
Redondo Beach (90277)
Property Description
1314 Agate Street is a well-positioned 4-Unit in Redondo Beach. Built in 1963, the 4,186 SF building sits on a 5,537 SF lot, and features (1) 4-bed/2-bath house with a 2-Car Garage, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit with a shared 3-Car Garage. Currently sitting at a 3.77% cap rate, there is upside potential of a 4.50% market cap. Given the ideal location in a high-growth city and consistent income of over $10,800/mo., this is a great opportunity to own a quality asset for any Los Angeles CRE investor. 1314 Agate Street is a well-positioned 4-Unit in Redondo Beach. Built in 1963, the 4,186 SF building sits on a 5,537 SF lot, and features (1) 4-bed/2-bath house with a 2-Car Garage, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit with a shared 3-Car Garage. Currently sitting at a 3.77% cap rate, there is upside potential of a 4.50% market cap. Given the ideal location in a high-growth city and consistent income of over $10,800/mo., this is a great opportunity to own a quality asset for any Los Angeles CRE investor.
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 1

Property Features

Actual Cap Rate 3.77 Annual Expense Actual 37472 Buildings 1 Cfd Mello Roos Fee 27084.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 17.93 Gross Scheduled Income Actual 129852 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 3584.0 Unit2 Rent Actual 2492.0 Unit3 Rent Actual 2750.0 Unit4 Rent Actual 1995.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106