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18506 Kingsdale Ave - Owner/User Investment in Redondo Beach 2 Unit Apartment Building Offered at $1,425,000 Redondo Beach, CA 90278
Investment Highlights
- Perfect Owner/User or Investment Opportunity
- Highly Sought After Pocket of Torrance perfect for families with close proximity to everday essentials and large park
- Beautifully Remodeled Vacant 3-bedroom/2-bath supplemented by strong income from the 2-bedroom/1-bath unit in the back
- Very rare opportunity to own a 2 on a lot which residents enjoy because of the privacy it provides
Executive Summary
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.
Property Facts
| Price | $1,425,000 | Lot Size | 0.14 AC |
| Price Per Unit | $712,500 | Building Size | 2,054 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 2 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 2.43/1,000 SF |
| Zoning | TORR-LM | ||
| Price | $1,425,000 |
| Price Per Unit | $712,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 2,054 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.43/1,000 SF |
| Zoning | TORR-LM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,995 | - |
| 2+1 | 1 | $2,787 | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4083-008-011 | Improvements Assessment | $139,655 |
| Land Assessment | $149,890 | Total Assessment | $289,545 |
Property Taxes
Parcel Number
4083-008-011
Land Assessment
$149,890
Improvements Assessment
$139,655
Total Assessment
$289,545
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18506 Kingsdale Ave - Owner/User Investment in Redondo Beach
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