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2621 Ruhland AVE Redondo Beach, CA 90278
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Key Details
Sold Price $5,100,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,632 sqft
Price per Sqft $668
MLS Listing ID SB22040230
Sold Date 05/16/22
HOA Y/N No
Year Built 1959
Lot Size 0.344 Acres
Acres 0.344
Property Description
We proud to present our latest listing, 2621-2623 Ruhland Avenue. Featuring projected rental upside of almost 30% +/-, this is a terrific long-term hold located in one of the best rental markets in Los Angeles! This 12-unit investment opportunity is comprised of two separate buildings on a large, conjoined lot totaling nearly 15,000 square feet. The units are all cute Two Bedrooms, and feature individual water heaters. There are 6 double garages and 18 parking spots in total, and onsite laundry for tenant convenience. On the market for the first time in well over 20+ years, the property has undergone several large capital expenditures recently including a brand new roof and rain gutters, and new stair railings (approx. 2019). Units are individually metered for gas an electricity and plumbing has been upgraded as needed throughout current ownership. There is also some potential for constructing some ADU's (Buyer to verify).
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning RBR-3
Interior
Laundry Common Area
Exterior
Garage Spaces 12.0
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Level with Street
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 1031 Exchange,Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Contact Josh Cohen for more information. 310-480-2130.
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Bought with BerkshireHathaway HomeServices