1318 Agate St - Apartments FOR SALE


Redondo Beach, CA 90277
$5,300,000 USD
310-480-8117
1318 Agate St, Redondo Beach, CA for Sale
$5,300,000 USD
Apartments - FOR SALE
1/8
null | 4.09% Cap Rate

1318 Agate St
Redondo Beach, CA 90277


HIGHLIGHTS

  • Beautifully Maintained, Turn Key Asset
  • Unbeatable Location
  • Ample Site & Street Parking
  • Adjacent to Public Park and Shopping
  • Ride a Bike to the Beach
  • Value Add Potential to Upgrade Interiors

OVERVIEW

Archer Investment & Consulting, Inc. is pleased to present this exclusively listed apartment complex in South Redondo Beach. 1318 Agate St consists of 9 garden style apartment units across three buildings in the heart of Beryl Heights, Redondo Beach. The front unit is a stand-alone townhouse boasting three bedrooms and two and a half bathrooms. It has a full kitchen with dining area with a living room separated by a fireplace, in unit washer/dryer, exclusive two car garage with private driveway, and a fenced deck. The other two buildings have five spacious two bedroom-two bathroom units and two large two bedroom-one bathroom units. Two of the units have been renovated, proving the market. Each unit opens up to a beautiful courtyard. There is on-site laundry and enclosed garages with storage for the residents. The property is well-maintained and beautifully located. With the Pacific Ocean only one mile away, 1318 Agate St is primely located across the street from a grocery store, a dog park, medical offices and many retail establishments. Residents can walk to shops, have access to local freeways, and enjoy the local pier and surrounding beach communities. **NOTE: expenses include updated property taxes (1.2% of list price) and updated insurance costs.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$608 USD /SF

# OF UNITS

9

PRICE/UNIT

$588,889

CAP RATE

4.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,199 SF

ZONING

R4, Redondo Beach

APN/PARCEL ID

7502-014-059

ASK ABOUT THIS PROPERTY

Melanie ArcherArcher Investment & Consulting, Inc.More Info
310-480-8117

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Melanie ArcherArcher Investment & Consulting, Inc.More Info
310-480-8117

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