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118 S Lucia Ave 4 Unit Apartment Building Offered at $3,901,597 CAD at a 3.26% Cap Rate Redondo Beach, CA 90277
INVESTMENT HIGHLIGHTS
- Clean Units in a Great Neighborhood
- No City Rent Control plus ADU Potential
- Walk to the Beach, Top Rated Schools and Restaurants
EXECUTIVE SUMMARY
Large 4 unit building. Each townhouse style unit is spacious and features its own private rooftop deck. Located near top rated schools, the beach and a vast selection of shopping and dining options, these units are always in high demand. Units include one 3 bed/2.5bath front unit and three2/1.5 bath units. The property offers ample parking with three 2 car garages. The garages and the lower level of the 3 bedroom front unit present potential ADU opportunities (check with the city), which will further increase income. The city of Redondo Beach is subject only to state rent control (AB1482).
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | $5,095 CAD | - |
| 2+1.5 | 3 | $3,853 CAD | - |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 7506-001-024 | Improvements Assessment | $894,722 CAD |
| Land Assessment | $238,576 CAD | Total Assessment | $1,133,298 CAD |
PROPERTY TAXES
Parcel Number
7506-001-024
Land Assessment
$238,576 CAD
Improvements Assessment
$894,722 CAD
Total Assessment
$1,133,298 CAD
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118 S Lucia Ave
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