1920 Rockefeller Lane Redondo Beach, CA 90278
Listing Courtesy of: CRMLS / Century 21 Union Realty Co. / Keith Brabec - Contact:  310-344-9322

  1920 Rockefeller Lane Redondo Beach, CA 90278

Active (15 Days)
$1,650,000

Description

Welcome to a fantastic investment opportunity in a prime location! This property has been owned by the same family for years and is now available for new possibilities. Property consists of 3 units, two units are 2 bedrooms 1 bath and one unit that is a 3 bedroom 1 bath and each unit has a garage and park space. Drive by and take a look; you'll see the potential is endless.



For investors, consider converting the garages into an ADU and transforming the property into a four-unit rental. The current rents are low, but the long-term tenants are content and reliable, ensuring a steady income stream or raise the rents. There is a huge rent upside available.



Owner-occupants will appreciate the back unit, which boasts a charming yard, perfect for relaxation and outdoor activities.



Contractors and developers will be thrilled with the location. This property offers the chance to tear down and build spacious new units, maximizing rental income potential.



The property is professionally managed, with management costs already included in the expenses, which remain impressively low.



Don't miss out on this versatile and promising property

MLS #:
SB24132969
Lot Size
6,736 SQFT
Type
Multifamily
Year Built
1949
County
Los Angeles County

Listed By

Keith Brabec, DRE #01206669 CA, Century 21 Union Realty Co., Contact: 310-344-9322
Source
CRMLS
Last checked Jul 12 2024 at 8:08 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Inside
Lot Information
  • Back Yard
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Additional Listing Info
  • Buyer Brokerage Commission: 2.000
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.