1214 Agate St - Apartments FOR SALE


Redondo Beach, CA 90277
$2,150,000 USD
510-708-2662
1214 Agate St, Redondo Beach, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1214 Agate St
Redondo Beach, CA 90277


HIGHLIGHTS

  • Prime Location: Situated in the highly desirable south Redondo neighborhood, less than 1 mile from King Harbor and the Pacific Ocean.
  • Excellent Unit Mix: Offers a diverse unit mix: (1) 3-bedroom/2.5-bathroom unit, (2) 2-bedroom/2-bathroom units, and (1) 1-bedroom/1-bathroom unit.
  • Attractive Resi Financing: Eligible for attractive residential financing options with 20% to 25% down.
  • No LA Rent Control: Not subject to LA City Rent Control, providing significant upside potential under AB-1482.
  • Spacious Living Area: Features 4,170 square feet of living space. | Ample Parking: Includes 5 garage spaces.
  • Proximity to Amenities: Conveniently located near the Redondo Beach Pier, The Strand, and Hermosa Beach Pier.

OVERVIEW

Maximize Your Passive Income with This Prime south Redondo 4-Unit Investment Opportunity! 1214 Agate Street is a well maintained 4-unit property in the highly desirable North Redondo neighborhood, less than a mile from the beach and King Harbor. This is the ideal investment for the discerning passive income seeker. The property boasts an excellent unit mix: one spacious 3-bedroom/2.5-bathroom unit, two 2-bedroom/2-bathroom units, and a 1-bedroom/1-bathroom unit, ensuring diverse tenant appeal and consistent rental income. Crucially, this property is not subject to LA City Rent Control, offering significant upside potential under AB-1482 and allowing you to maximize your returns. The 4,170 square feet of living space and five garage spaces provide ample room and convenience, attracting quality tenants. Beyond the property's impressive features, its location is an A+ Beach City location. Residents enjoy easy access to the Redondo Beach Pier, The Strand, Hermosa Beach Pier, and the area's robust job market, anchored by prominent employers like Northrup Grumman, Mattel, and numerous aerospace defense companies. This translates to high tenant demand and minimal vacancy. 1214 Agate Street is more than just a property; it's a strategic investment in a thriving coastal community exempt from LA City Rent Control, designed to generate reliable passive income for years to come. Please contact Luca Jacoli for more information. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$516 USD /SF

# OF UNITS

4

PRICE/UNIT

$537,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RBRMD

APN/PARCEL ID

7502-011-049

ASK ABOUT THIS PROPERTY

Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.