2020 Graham Avenue, Redondo Beach, CA 90278
  • MLS#: SB25001636 ( Commercial/Residential )
  • Street Address: 2020 Graham Avenue
  • Viewed: 2
  • Price: $6,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1970
  • Bldg sqft: 0
  • Days On Market: 10
  • Additional Information
  • County: LOS ANGELES
  • City: Redondo Beach
  • Zipcode: 90278
  • Provided by: Estate Properties
  • Contact: Ross Ross
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Graham Street is a rear find! Built in 1970s and held by multi generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beachs best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location. A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy. Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2 bed/1 bath units and (1) 2 bed/2 bath units and (5) 1 bed 1 bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 4.1% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 14 parking spaces consisting of tuck under and separate building all have storage. This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.
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Features
Accessibility Features
  1. None
Appliances
  1. Dishwasher
  2. Electric Range
Assessments
  1. Unknown
Building Area Total
  1. 12056.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. None
Country
  1. US
Current Financing
  1. Conventional
Direction Faces
  1. North
Electric Expense
  1. 1880.00
Fireplace Features
  1. None
Fuel Expense
  1. 2834.00
Garage Spaces
  1. 18.00
Gardner Expense
  1. 2200.00
Insurance Expense
  1. 13200.00
Interior Features
  1. Balcony
  2. Copper Plumbing Full
  3. Corian Counters
  4. Granite Counters
  5. Storage
Laundry Features
  1. Common Area
  2. Community
  3. See Remarks
Levels
  1. Three Or More
  2. Multi/Split
Lockboxtype
  1. None
Lot Features
  1. Landscaped
  2. Level
Netoperatingincome
  1. 268000.00
Number Of Separate Electric Meters
  1. 12
Number With Dishwasher
  1. 12
Number With Disposal
  1. 12
Number With Range
  1. 12
Parcel Number
  1. 4155006030
Parking Features
  1. Assigned
  2. Covered
  3. Driveway
  4. Driveway - Brick
  5. Driveway Level
  6. Garage
  7. On Site
  8. Workshop in Garage
Pool Features
  1. None
Professionalmanagementexpense
  1. 12200.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 429421105:CRM
Taxblock
  1. 68
Tenant Pays
  1. Cable TV
  2. Electricity
Totalactualrent
  1. 322800.00
Totalexpenses
  1. 125500.00
Trash Expense
  1. 4755.00
Utilities
  1. Cable Available
  2. Electricity Available
  3. See Remarks
  4. Sewer Connected
  5. Water Available
  6. Water Connected
Vacancyallowance
  1. 9800
Water Sewer Expense
  1. 4600.00
Water Source
  1. Public
Year Built
  1. 1970
Year Built Source
  1. Assessor
Zoning
  1. RBR-2