$5,100,000
$4,800,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
2621 Ruhland AVE Redondo Beach, CA 90278
0.34 Acres Lot
Key Details
Sold Price $5,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22040230
Sold Date 05/16/22
HOA Y/N No
Year Built 1959
Lot Size 0.344 Acres
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).
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning RBR-3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Sidewalks
Total Parking Spaces 18
Private Pool No
Building
Lot Description Street Level
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4153024023
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Robert Harger • BerkshireHathaway HomeServices