Listed by Lyon Stahl Investment Real Estate
$1,425,000
Two Detached Homes - One Lot - Redondo Beach
Details
APN 4083008011
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,054
Units 2
Occupancy 50%
Tenancy Single
Price per SqFt $694
Year Built 1959
Year Renovated 2022, 2026
Buildings 2
Stories 1
Acreage 0.138
Zoning Public Rec
Parking Spaces spaces
Investment Type Owner/User
Owner/User and Investment Opportunity Redondo Beach
Marketing description
Two detached homes on one lot! We are pleased to present a rare two-on-a-lot opportunity in one of the South Bay's most desirable residential pockets. Two detached structures, each with its own private courtyard and garage, offer a level of separation and privacy that a home buyer dreams of at a rare price point. The vacant front home - a beautifully remodeled 3-bedroom, 2-bath - is move-in ready for an owner/user or can be delivered at market rent from day one. The rear 2-bedroom, 1-bath unit provides immediate income to offset your mortgage costs for a young family. The lot also accommodates an ADU, creating a clear path to a third income stream and meaningful upside on long-term asset value. Another huge perk, this home is located directly across the street from the very large and quiet El Nido Park. With a playground for young kids, tons of grass, and a baseball field. Your home comes with the biggest yard a kid can dream of. The park also offers endless parking for your guests for hosting bbq's and parties. Whether you're looking to live in one unit and offset your mortgage, house two generations under one roof, or add a stabilized asset to your portfolio - this property delivers on all fronts.
Investment highlights
- Perfect Owner/User or Investment Opportunity
- Beautifully Remodeled Vacant 3-bedroom/2-bath supplemented by strong income from the 2-bedroom/1-bath unit in the back
- Highly Sought After Pocket of Torrance perfect for families with close proximity to everday essentials and large park
- Very rare opportunity to own a 2 on a lot which residents enjoy because of the privacy it provides
(Property is in the city of Torrance but addressed Redondo Beach for postal reasons only)
Listing Contacts
Listed by Lyon Stahl Investment Real Estate
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