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1901 Carnegie Lane Redondo Beach, CA 90278
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Key Details
Sold Price $5,010,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $477
MLS Listing ID SB18055242
Sold Date 04/23/18
HOA Y/N No
Year Built 1963
Lot Size 9,982 Sqft
Property Description
A building of this size and quality rarely comes available in the Redondo Beach market. The unit mix consists of two 2 Bed/1.75 Bath units and twelve 1 Bed/1 Bath units. Over the past 10 years, the units have been renovated to varying degrees as they have turned over. Renovations highlights include: new vinyl plank flooring, re-glazed counter-tops, fixtures, bathroom tile/vanities and two tone paint. Additional recent capital expenditures include: two new water heaters in the last 3 years (there is one for each building), complete replacement of all windows last year and new remote controlled garage doors replaced within the last 3 years. All units are spacious and well laid out. Each unit has its own garage parking spot and there is an onsite laundry room available for tenant's convenience. Boasting a significant amount of rental upside and a very desirable rental market, 1901-1903 Carnegie is the perfect opportunity for any investor to add to their portfolio. Over 33% rental upside between current and market rents! Walk Score of 85 – Tenants can walk to parks, Starbucks, restaurants, the RB Library, shopping and more!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Community
Exterior
Garage Spaces 14.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Private Pool No
Building
Lot Description Corner Lot, Landscaped, Rectangular Lot, Walkstreet
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Contact Listing Agent. 310-480-2130
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Bought with Keller Williams Beach Cities