716 West Redondo Beach Boulevard is a fourplex in Gardena, California. This value-add opportunity offers a new investor the chance to acquire an asset in a strong rental market and capture 45 percent rental upside. This is also a great acquisition opportunity for an owner/user. Further adding to this property’s… Read More potential, a new investor may be able to convert the garages to four 450-square foot one-bedroom ADU’s (buyer to verify). 716 West Redondo Beach Boulevard is a 2,872-square foot 1954 construction with four one-bedroom/one-bath units that are separately metered for gas and electricity. Each unit has washer/dryer hookups, a single-car garage and new windows. The property is in a strong rental location conveniently near the 110 Freeway and within a half-mile of major retailers and two of the cities’ top employers: the Memorial Hospital of Gardena and the Hustler Casino. Read Less
Property listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac [email protected]
Listing Snapshot
Days Online
59
Last Updated
Property Type
Quadruplex
Lot Size
0.16 Acres
Year Built
1954
MLS Number
PW25033071
30 Days Snapshot Of 90247
$752k
+1%
(avg) sold price
12
-7%
homes sold
64
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1954, Building area total: 2,872, 2 buildings, Common walls: NoCommonWalls
Community
Suburban
Expenses
Operating expense: $23,449
Garage
4 spaces
Income
Gross income: $62,952, Net operating income: $37,614
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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