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    2605 Gates Ave

    Redondo Beach, CA 90278
    • $2,995,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: 20-605754
    UPDATED: 50 min ago
    $2,995,000
    • 9
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,528
      SQFT
    • $661
      $/SQFT
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    VALUE-ADD OPPORTUNITY! Property delivered with 4 vacancies. The property is situated only blocks from the proposed metro South Bay Green Line Extension and the $900 million revitalization of the South Bay Galleria. The subject property is comprised of (7) one-bedroom with one-bathroom units, and (1) two-bedroom with one-bathroom unit. The one-bedroom units average approximately 510 square feet and are located on the 2nd floor above the garages. The two-bedroom unit is approximately 600 square feet and located at the front of the property with a private yard. Parking consists of 4 two-car garages. Being sold in conjunction with 2609 Gates Ave (7 units - MLS# 20-605782). Properties can be sold together or separately.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-08T21:43:51.853. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/107985301
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    2605 Gates Ave Redondo Beach, CA 90278

    • Price: $2,995,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 20-605754
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,528
    SQFT
    $661
    $/SQFT
    1961
    Built
    Neighborhood:
    N. Redondo Beach/Villas North
    County:
    Los Angeles
    Area:
    N. Redondo Beach/Villas North
    Property Description
    VALUE-ADD OPPORTUNITY! Property delivered with 4 vacancies. The property is situated only blocks from the proposed metro South Bay Green Line Extension and the $900 million revitalization of the South Bay Galleria. The subject property is comprised of (7) one-bedroom with one-bathroom units, and (1) two-bedroom with one-bathroom unit. The one-bedroom units average approximately 510 square feet and are located on the 2nd floor above the garages. The two-bedroom unit is approximately 600 square feet and located at the front of the property with a private yard. Parking consists of 4 two-car garages. Being sold in conjunction with 2609 Gates Ave (7 units - MLS# 20-605782). Properties can be sold together or separately.
    Exterior Features

    Direction Faces South Lot Size Area 7500 Other Structures None Parking Garage Garage - 2 Car Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 1081952 Gross Income 165420 Gross Operating Income 160457 Like Units1 7 Like Units2 1 Net Operating Income 100061.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 60396 Type Of Units Aparmtnets Year Built Source Vendor Enhanced Zoning Rbr-3

    Listing provided courtesy of Steffan Braunlich DRE#01859098 of Berkadia.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-08T21:43:51.853. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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