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- LoopNet Team
2669 S Redondo Blvd
Los Angeles, CA 90016
6 Out of 8 Units VACANT · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 4,080 SF |
| Property Subtype | Apartment | Average Occupancy | 25% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1926 |
| Zoning | LAR3-1 / Tier 3 TOC | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,080 SF |
| Average Occupancy | 25% |
| No. Stories | 1 |
| Year Built | 1926 |
| Zoning | LAR3-1 / Tier 3 TOC |
AMENITIES
SITE AMENITIES
- Courtyard
ABOUT 2669 S REDONDO BLVD , LOS ANGELES, CA 90016
Pearl Investment Group of KW Commercial, as the exclusive agent, is pleased to offer for sale Redondo Apartments, an 8-unit value-add investment opportunity located in the rapidly gentrifying West Adams neighborhood of Los Angeles, CA. Redondo Apartments presents an attractive value-add investment as 6 out of 8 units are currently vacant, allowing investors to begin renovations immediately and bring units to attractive rent levels. This bungalow-style property is located at 2669 South Redondo Blvd and was built in 1926. The property consists of entirely one-bedroom/one-bath units. Each unit has its own water heater and is individually metered for gas and electricity. There is a central courtyard, which offers potential for upgrades to the common areas such as upgraded landscaping, outdoor seating/lounge area and BBQ /Fire Pit. The possibilities are endless. Due to its 1926 construction, the property is subject to Los Angeles rent control statutes. The property sits on a 9,614 SF lot zoned R3-1 / Tier 3 TOC. Current zoning and its Transit Oriented Communities status permit the development of up to 20 units (buyer to verify).
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 509 |
