16
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$1,400,000
Est. payment /mo
4,639 Sqft Lot
New
715 Beryl Redondo Beach, CA 90277
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26229770
HOA Y/N No
Year Built 1926
Lot Size 4,639 Sqft
Property Sub-Type Apartment
Property Description
715 Beryl Street presents an exceptional investment opportunity in the highly desirable coastal community of Redondo Beach. Offered at $1,400,000, this well-located duplex features two spacious units consisting of (1) 1-bedroom/1-bathroom and (1) 2-bedroom/1-bathroom, totaling approximately 2,000 SF on a 4,639 SF lot.
Both units are currently vacant, presenting a rare opportunity for an investor to immediately lease the property at market rents or for an owner-user to occupy one unit while generating rental income from the other. With projected annual rental income of $144,000 and an attractive 8.24% pro forma cap rate, the property offers strong income potential from day one.
Ideally situated in the heart of Redondo Beach, just minutes from the coastline, local dining, shopping, and entertainment, 715 Beryl Street combines a desirable South Bay location with the flexibility of two vacant units and significant long-term investment appeal. An outstanding opportunity to acquire a fully vacant coastal duplex with immediate income potential!
Both units are currently vacant, presenting a rare opportunity for an investor to immediately lease the property at market rents or for an owner-user to occupy one unit while generating rental income from the other. With projected annual rental income of $144,000 and an attractive 8.24% pro forma cap rate, the property offers strong income potential from day one.
Ideally situated in the heart of Redondo Beach, just minutes from the coastline, local dining, shopping, and entertainment, 715 Beryl Street combines a desirable South Bay location with the flexibility of two vacant units and significant long-term investment appeal. An outstanding opportunity to acquire a fully vacant coastal duplex with immediate income potential!
Location
State CA
County Los Angeles
Area 155 - S Redondo Bch N Of Torrance Bl
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Biking, Curbs, Street Lights, Suburban, Sidewalks
Total Parking Spaces 1
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7503004003
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556, DRE #02035763
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