716 W Redondo Beach Blvd - Apartments FOR SALE


Gardena, CA 90247- Harbor Gateway North
$995,000 USD
424-405-3826
716 W Redondo Beach Blvd, Gardena, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/2
null | 3.76% Cap Rate

716 W Redondo Beach Blvd
Gardena, CA 90247
Harbor Gateway North


HIGHLIGHTS

  • Great Opportunity to Acquire a Fourplex in a Strong Rental Location and Capture 45 Percent Rental Upside
  • All One-Bedroom/One-Bath Units With In-Unit Washer/Dryer Hookups, New Windows and a Garage for Each Unit
  • Potential Owner/User Opportunity; One Unit is Currently Vacant
  • ADU Potential: A New Investor May Be Able to Convert the Garages to Four 450-Square Foot One-Bedroom ADU’s (Buyer to Verify)
  • Conveniently Near the 110 Freeway and Within a Half-Mile of Major Retailers and Two of Gardena’s Top Employers

OVERVIEW

Marcus & Millichap is pleased to present to market 716 West Redondo Beach Boulevard, 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. One currently vacant unit also makes this 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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

3.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,992 SF

ZONING

LAR3

APN/PARCEL ID

6120-008-017

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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