$4,250,000
We are pleased to present 1110 Barbara Street, a seven-unit apartment building located in the heart of Redondo Beach. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF), (4) two-bedroom/two-bath (each over 1,000 SF), and (2) one-bed/one-bath units. Four of the seven units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the units are currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other shared utility expenses. This offering presents an excellent opportunity an investor to capitalize on strong rental demand and premium market rents in one of the South Bay's most coveted coastal communities with no local rent control and 16% 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. 1110 Barbara Street is available for individual purchase or in conjunction with 1100 Barbara Street. Please reach out to Seller's Agent for more information and the full marketing package. Updated financials reflect increased rental income and improved operating performance. Well-located asset with strong in-place returns and upside potential.
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with Matthews Real Estate Investment Services (866) 889-0550
Property Type
Residential Income
Status
Active
MLS Number
26835407
Year Built
1965
Lot Size
0.26 acres