MarketPier

1706 Huntington Lane - Redondo Beach, CA 90278

$1,599,000
Listing Description

Very well maintained Triplex. Located in the highly desirable area of north Redondo Beach. All 3 units are 2 bedrooms and 1 bath. 3 garages (2 two-car and 1 single car garage) for a total of 5 (FIVE) car covered parking! PLUS - 5 additional parking spaces in the driveway and parking pad. (Currently the owner uses 1 of the 2-garages). The single family home at the front of the property has a grassy yard. Unit C has a spacious deck and small grassy yard. Updates include a new roof and gutters which were added in 2017. The driveway was also recently sealed. Each unit is equipped with a stove or range and dishwasher. At one time the owner combined 2 units -- This created a 4 bedrooms, 2 bathrooms home for their personal residence which added extra versatility both physically and economically. With the extra rental income of the third unit, IT'S THE EQUIVALENT TO BUYING A HOUSE ON A 7500 SQ FT LOT FOR $1,200,000. A+ Schools, convenience for commuters as well as proximity to the beach - means this is an ideal property for owners and investors alike. Please do not walk the property. please do not contact the tenants. Offers to be made subject to inspection.

Listing Information
MLS Number
SB19267603
APN/Parcel ID
4162005008
Type
Multifamily
Sub Type
Multifamily
Building Size
2,889 sqft
Lot Size
7,514 sqft
Price / SQFT
$553
No Units
3
Price / Unit
$533,000
Gross Scheduled Income
$48,000
Expenses
$25,465
Total Expenses
$25,465
Net Income
$22,535
Listing Date
11/29/2019
Days Active
7
Last Updated
12/7/2019
Listing Provided By
David Keller
Re/Max Estate Properties
BRE# 00851437

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