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$ 1,400,000
Est. payment | /mo
3 Beds
2 Baths
4,639 Sqft Lot
$ 1,400,000
Est. payment | /mo
3 Beds
2 Baths
4,639 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26229770
Bedrooms 3
Lot Size 4,639 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
715 Beryl Street presents an exceptional investment opportunity in the highly desirable coastal community of Redondo Beach. Offered at $1,400,000, this well-located duplex features two spacious units consisting of (1) 1-bedroom/1-bathroom and (1) 2-bedroom/1-bathroom, totaling approximately 2,000 SF on a 4,639 SF lot. Both units are currently vacant, presenting a rare opportunity for an investor to immediately lease the property at market rents or for an owner-user to occupy one unit while generating rental income from the other. With projected annual rental income of $144,000 and an attractive 8.24% pro forma cap rate, the property offers strong income potential from day one. Ideally situated in the heart of Redondo Beach, just minutes from the coastline, local dining, shopping, and entertainment, 715 Beryl Street combines a desirable South Bay location with the flexibility of two vacant units and significant long-term investment appeal. An outstanding opportunity to acquire a fully vacant coastal duplex with immediate income potential!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Located on Beryl Street in Redondo Beach, west of Pacific Coast Highway, near N Prospect Avenue.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7503004003
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.
Nearby Locations
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Johnny Fitzmaurice