Under contract
Active Under Contract
1920 Rockefeller Lane
Redondo Beach CA, 90278
$1,549,000
$562.66 per sqft
Under contract
Active Under Contract
2,753 sqft
Multi-family
Built in 1949
Listed by Keith Brabec with Century 21 Union Realty 310-344-9322
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
SB24132969
MLSⓇ ID
June 28, 2024
Listed
August 30, 2024
Updated
Map
1920 Rockefeller Lane
Redondo Beach CA, 90278
Interior Features
Total Stories
1
Laundry Description
Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Back Yard
Sewer
Public Sewer
Other Property Details
Area Name
151 - N Redondo Bch/Villas North
Days on Market
43
Garage
Yes
Garage Spaces
3
Parking Total
7
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
RBR-3
Listing History
Date | Event | Price |
|---|---|---|
8/22/2024 | Under contract | — |
8/13/2024 | Price change | $1,549,000 -7% |
8/13/2024 | Active | — |
8/2/2024 | Pending | — |
Listing Contact: 310-371-6330
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 8/30/2024 at 8:07 PM UTC