$2,900,000
We are pleased to present 1100 Barbara Street, a four-unitapartment building located in the heart of Redondo Beach, CA. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF) and (3) two-bedroom/two-bath units (each over 1,000 SF). Three of the four units have beenrecently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the unitsare currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other sharedutility expenses. One (1) three-bed/two-bath owner's unit will be delivered vacant. (2) two-bed/two-bath units can be delivered vacant. This offering presents an excellent opportunity for either an investor or owner-user to capitalize on strong rental demand and premium marketrents in one of the South Bay's most coveted coastal communities with no local rent control and 6% rental upside potential on current rents.Residents enjoy the best of coastal living in a highly sought-after South Bay neighborhood, just minutes from world-class beaches, parks,restaurants. 1100 Barbara Street is available for individual purchase or in conjunction with 1110 Barbara Street. Please reach out to Seller's Agent for more information and the full marketing package.
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with Matthews Real Estate Investment Services (866) 889-0550
Property Type
Residential Income
Status
Active
MLS Number
26835403
Year Built
1965
Lot Size
6,530 sq ft