Redondo Beach - Beach Property For Sale #5689075

Graham Street is a rear find! Originally built in the 70's on a 15,000 sf double lot. And located in one of Redondo Beach's best residential neighborhoods, north of Artesia and 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 are all performed with the highest standards. Unit upgrades include 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. Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 14 parking spaces consisting of tuck under and separate building all have storage.

This opportunity offers an investor looking for excellent potential for appreciation, long term stabilized tenant base, tax shelter and pride of ownership.