CA > Redondo Beach
Redondo Beach, CA 90278,2020 Graham Avenue
Redondo Beach, CA 90278,2020 Graham Avenue
Redondo Beach, CA 90278,2020 Graham Avenue
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Listed by Ross Moore • Estate Properties
$5,300,000
Est. payment /mo
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12,056 SqFt
Active Under Contract

2020 Graham Avenue Redondo Beach, CA 90278

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Maureen Alphonso

Maureen Alphonso

+1(805) 279-6885

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 12,056 sqft

Price per Sqft $439

MLS Listing ID SB-25001636

Year Built 1970

Lot Size 0.344 Acres

Property Sub-Type Commercial/Residential

Property Description

Graham Street is a rare find! Built in 1970's and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach's best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location. A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy. Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 5.6% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 18 parking spaces consisting of tuck under and separate building all have storage. This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.

Location

State CA

County Los Angeles

Area 151 - N Redondobch/Villasnorth

Zoning RBR-2

Interior

Interior Features Corian Counters, Copper Plumbing Full, Balcony, Granite Counters, Storage

Cooling None

Fireplaces Type None

Laundry See Remarks, Common Area, Community

Exterior

Parking Features Driveway - Brick, Driveway Level, Garage, On Site, Workshop in Garage, Assigned, Covered, Driveway

Garage Spaces 18.0

Pool None

Community Features Curbs, Gutters, Street Lights

Utilities Available Sewer Connected, Water Available, Water Connected, See Remarks, Cable Available, Electricity Available

Building

Lot Description Landscaped, Level

Sewer Public Sewer

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agent

Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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2020 Graham Avenue