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Key Details
Sold Price $5,100,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22040230
Bedrooms 2
Lot Size 0.344 Acres
Type of Financing Cash,Exchange
Property Description
We proud to present our latest listing, 2621-2623 Ruhland Avenue. Featuring projected rental upside of almost 30% +/-, this is a terrific long-term hold located in one of the best rental markets in Los Angeles! This 12-unit investment opportunity is comprised of two separate buildings on a large, conjoined lot totaling nearly 15,000 square feet. The units are all cute Two Bedrooms, and feature individual water heaters. There are 6 double garages and 18 parking spots in total, and onsite laundry for tenant convenience. On the market for the first time in well over 20+ years, the property has undergone several large capital expenditures recently including a brand new roof and rain gutters, and new stair railings (approx. 2019). Units are individually metered for gas an electricity and plumbing has been upgraded as needed throughout current ownership. There is also some potential for constructing some ADU's (Buyer to verify).
We proud to present our latest listing, 2621-2623 Ruhland Avenue. Featuring projected rental upside of almost 30% +/-, this is a terrific long-term hold located in one of the best rental markets in Los Angeles! This 12-unit investment opportunity is comprised of two separate buildings on a large, conjoined lot totaling nearly 15,000 square feet. The units are all cute Two Bedrooms, and feature individual water heaters. There are 6 double garages and 18 parking spots in total, and onsite laundry for tenant convenience. On the market for the first time in well over 20+ years, the property has undergone several large capital expenditures recently including a brand new roof and rain gutters, and new stair railings (approx. 2019). Units are individually metered for gas an electricity and plumbing has been upgraded as needed throughout current ownership. There is also some potential for constructing some ADU's (Buyer to verify).
Location
State CA
County Los Angeles
Area Redondo Beach (90278)
Zoning Public Rec
Building
Lot Description Sidewalks
Others
Acceptable Financing Cash, Exchange
Space Rent $21,450
Listing Terms Cash, Exchange
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Bought with Robert Harger • BerkshireHathaway HomeServices
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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