Redondo Beach, CA 90278,2621 Ruhland AVE
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Redondo Beach, CA 90278,2621 Ruhland AVE
Redondo Beach, CA 90278,2621 Ruhland AVE
Redondo Beach, CA 90278,2621 Ruhland AVE
Redondo Beach, CA 90278,2621 Ruhland AVE

$5,100,000

Est. payment /mo

$4,800,000

6.3%
Est.Price: ?

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2621 Ruhland AVE Redondo Beach, CA 90278

0.34 Acres Lot

SOLD DATE : 05/16/2022

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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California Regional MLS (CRMLS)
Listed by Josh Cohen • Keller Williams Beach Cities
Bought with Robert Harger • BerkshireHathaway HomeServices

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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