1920 Rockefeller Lane

Redondo Beach, CA 90278

$1,375,000

Sold Price
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1949

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Property Description

Welcome to a fantastic investment opportunity in a prime location! This property has been owned by the same family for years and is now available for new possibilities. Property consists of 3 units, two units are 2 bedrooms 1 bath and one unit that has a yard and a private entrance is a 2 bedroom 1 bath and each unit has a garage and park space. Drive by and take a look; you'll see the potential is endless. For investors, consider converting the garages into an ADU and transforming the property into a four-unit rental. The current rents are low, but the long-term tenants are content and reliable, ensuring a steady income stream or raise the rents. There is a huge rent upside available. Owner-occupants will appreciate the back unit, which boasts a charming yard, perfect for relaxation and outdoor activities. Contractors and developers will be thrilled with the location. This property offers the chance to tear down and build spacious new units, maximizing rental income potential. The property is professionally managed, with management costs already included in the expenses, which remain impressively low. Don't miss out on this versatile and promising property

Listing Information

Close Price $1,375,000
Close Date Monday, September 30th, 2024
Status Closed
MLS SB24132969
Type Residential Income
Subtype Triplex
Year Built 1949
Lot Size 6,736
Structure Size N/A
DOM 42
Courtesy Of Century 21 Union Realty
Listing Agent Keith Brabec DRE#01206669

Interior Features

Laundry Information
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Exterior Information

Maps

Listing information courtesy of: Keith Brabec, Century 21 Union Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 1st, 2024 at 7:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.