2001 Ruhland Ave
Redondo Beach, CA 90278
Multifamily Property For Sale · 4 Units

TURNKEY ASSET WITH ATTRACTIVE INCOME IN PLACE. A BITE SIZED DEAL FOR SOMEONE LOOKING FOR AN "EASY TO MANAGE" ASSET. Marcus & Millichap is pleased to present 2001 Ruhland Ave, a 4-unit investment property in Redondo Beach, California. The property is located between Green and Blossom Lanes just blocks from Aviation Blvd. This area is a solid majority-renter market with low vacancy rates.2001 Ruhland Ave consists of four 2 Bedroom 1 Bathroom Units. All of the units are separately metered for gas and electricity. The property also offers 6 garages and 6 uncovered parking spaces. Due to its location and vintage of building, this property does not fall under Los Angeles Rent Control. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents. There are three garages generating $3,200 a year in additional income. All units are identical in renovation and layout. Current owner has the highest unit being rented out at$2,595. With a more modern renovation program for the interiors, a new investor can stabilize this asset well above a 4% cap . If a new owner decides to raise the 3 units to $2595 which he is getting for the same layout, and same renovation style on another unit, this would fall at a 4.02% cap .