We are pleased topresent 1100 Barbara St

1100 Barbara Street Redondo Beach CA 90277
Property details
  • Property ID: 25620429
  • Price: $2,900,000
  • Property Size:  
    Sq Ft
  • Bedrooms:
  • Bathrooms:
  • Garage: 6
  • Year Built:Age:1965
  • Property Type:Residential
  • Property Status:For Sale
  • Lot Size:

Description

We are pleased topresent 1100 Barbara Street, a four-unit apartment building located in the heart of Redondo Beach, CA. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF) and (3) two-bedroom/two-bath units (each over 1,000 SF). Two of the four units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the units are currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other shared utility expenses. One (1) two-bed/two-bath unit to be delivered vacant. This offering presents an excellent opportunity for either an investor or owner-user to capitalize on strong rental demand and premium market rents in one of the South Bay's most coveted coastal communities with no local rent control and 14% rental upside potential on current rents. Residents enjoy the best of coastal living in a highly sought-after South Bay neighborhood, just minutes from world-class beaches, parks, restaurants. 1100 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1102 Barbara Street, 1109 Barbara Street, and 1110 Barbara Street. Please reach out to Seller's Agent for more information and the full marketing package.


Address
  • Address: 1100 Barbara Street
  • State/County: CA
  • Area: Embarcadero
  • City: Redondo Beach
  • Zip: 90277

Courtesy of Matthews Real Estate Investment Services / Nabil Awada 

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