2200 Grant Ave
Redondo Beach, CA 90278
Multifamily Property For Sale
·
24 Units
Property Facts
| No. Units | 24 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 13,938 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Zoning | R4, Redondo Beach | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 13,938 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R4, Redondo Beach |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Range
Site Amenities
- Laundry Facilities
About 2200 GRANT AVE , REDONDO BEACH, CA 90278
Morgan Skenderian, Inc. is pleased to offer 2200 Grant Avenue, a 24-unit apartment investment opportunity in the desirable beachside community of Redondo Beach. The city of Redondo Beach is located in the South Bay region of Los Angeles County and is known for its miles of pristine beaches, hilltop vistas, and endless shopping, dining & entertainment from the uniquely shaped pier to the well-known South Bay Galleria. The offering at 2200 Grant Avenue is perfectly located between the coast and freeway access giving the tenants the perfect balance. Tenants also enjoy on-site laundry facilities, garage parking and 3 unique floorplans ranging from a studio to a 2-bedroom townhome offering something for everyone. Grant Avenue offers substantial upside on current rents on an already well-maintained building offering a new investor excellent equity and income growth. The property is legally a 16-unit building and is believed that the 2-bedroom townhomes were originally 3-bedroom townhomes that were split into two units. However, the property has been operating this way for decades and previous owners & operators have never had an issue.**
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 500 | $1,285 | - |
| 1+1 | 8 | $1,558 | - |
| 2+2 | 8 | $2,028 | - |
Property Taxes
| Parcel Number | 4157-020-026 | Improvements Assessment | $4,155,854 |
| Land Assessment | $3,609,030 | Total Assessment | $7,764,884 |
Property Taxes
