1304 Amethyst St, Redondo Beach, CA 90277
1304 Amethyst St, Redondo Beach, CA 90277
1304 Amethyst St, Redondo Beach, CA 90277
6
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$2,285,000
Est. payment /mo
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9 Beds
7 Baths
4,260 SqFt
New

1304 Amethyst St Redondo Beach, CA 90277

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,260 sqft

Price per Sqft $536

MLS Listing ID 26742045

Bedrooms 9

Year Built 1963

Annual Tax Amount $28,562

Lot Size 5,541 Sqft

Acres 0.1272

Property Sub-Type Multi-Family

Property Description

This well-located fourplex offers a premier investment opportunity in the highly sought-after South Redondo Beach market, situated approximately one mile from the Redondo Beach Pier, King Harbor, and the Pacific Ocean. The property provides tenants with convenient access to an abundance of coastal dining, retail, and lifestyle amenities. The asset features an attractive unit mix of (1) 4-bed/1.75-bath front unit, (2) 2-bed/1.75-bath units and (1) 1-bed/1-bath unit. From an investment standpoint, the property offers a compelling financial profile with a 4.26% current cap rate and 15.95 GRM, along with significant upside to a 5.91% pro-forma cap rate and 12.54 GRM. Not subject to local rent control (AB 1482 only), the asset allows for consistent and favorable rent growth. The all-electric configuration eliminates gas expenses and supports an efficient operating structure with minimal expenses. Additional features include five garage spaces providing ample garage parking for tenants. The property also boasts strong curb appeal with a recently painted exterior and new landscaping. The asset also qualifies for residential financing, expanding buyer's financing options and offering access to more attractive loan terms.

Location

State CA

County Los Angeles

Area S. Redondo Beach North Of Torrance Blvd

Zoning RBRMD

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Garage

Garage Spaces 5.0

Building

Story 2

Level or Stories One, Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Shield CRE, Inc.

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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1304 Amethyst St