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502 N Elena Ave
Redondo Beach, CA 90277
Multifamily Property For Sale
·
7 Units
Investment Highlights
- The property is 100% occupied.
- Features individual garages.
- Equipped with new electrical panels.
- Six of seven units have been renovated.
- Select units feature private patios.
- Boasts a Walk Score of 91.
Executive Summary
A 7 apartment unit turnkey opportunity with select ocean views in Redondo Beach, CA
Property Facts
| Price Per Unit | $826,379 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.32% | Building Size | 4,840 SF |
| Gross Rent Multiplier | 18.73 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RBR-3A | ||
| Price Per Unit | $826,379 CAD |
| Sale Type | Investment |
| Cap Rate | 3.32% |
| Gross Rent Multiplier | 18.73 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,840 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | RBR-3A |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 708 |
| 2+1.5 | 1 | - | 850 |
| 3+2 | 1 | - | 1,200 |
Property Taxes
| Parcel Number | 7503-011-029 | Improvements Assessment | $898,340 CAD |
| Land Assessment | $3,593,371 CAD | Total Assessment | $4,491,711 CAD |
Property Taxes
Parcel Number
7503-011-029
Land Assessment
$3,593,371 CAD
Improvements Assessment
$898,340 CAD
Total Assessment
$4,491,711 CAD
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