Redondo Beach, CA 90278,1714 Clark Lane
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Redondo Beach, CA 90278,1714 Clark Lane
Redondo Beach, CA 90278,1714 Clark Lane
Redondo Beach, CA 90278,1714 Clark Lane
Redondo Beach, CA 90278,1714 Clark Lane

$2,559,500

Est. payment /mo

$2,650,000

3.4%
Est.Price: ?

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1714 Clark Lane Redondo Beach, CA 90278

11 Beds

8 Baths

7,503 Sqft Lot

SOLD DATE : 02/27/2024

Key Details

Sold Price $2,559,500

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB23172337

Bedrooms 11

Lot Size 7,503 Sqft

Property Description

Introducing 1714 Clark Ln, Redondo Beach. Located on the outskirts of the Golden Triangle, this building is wonderfully poised for an owner-occupant or a cash-flow seeking investor! There is a rare 4-bedroom unit to be delivered vacant, complete with front and back yard space. Additionally, there is a 3-bedroom 1.5-bath unit with a private yard and two 2-bedroom 1.5-bath units. This building has undergone a complete rehab including upgrades such as a full roof replacement, new window system, exterior paint and an enhanced shared backyard space. Each unit has its own washer/dryer and private garage space. The unit interiors have been upgraded with new two-tone cabinets, Calacatta-quartz countertops, vinyl plank flooring with modern baseboards and a new stainless steel appliance package. Step into immediate cash flow now operating at a very impressive 5.20% in-place Cap Rate and 13.74 in-place GRM!
Introducing 1714 Clark Ln, Redondo Beach. Located on the outskirts of the Golden Triangle, this building is wonderfully poised for an owner-occupant or a cash-flow seeking investor! There is a rare 4-bedroom unit to be delivered vacant, complete with front and back yard space. Additionally, there is a 3-bedroom 1.5-bath unit with a private yard and two 2-bedroom 1.5-bath units. This building has undergone a complete rehab including upgrades such as a full roof replacement, new window system, exterior paint and an enhanced shared backyard space. Each unit has its own washer/dryer and private garage space. The unit interiors have been upgraded with new two-tone cabinets, Calacatta-quartz countertops, vinyl plank flooring with modern baseboards and a new stainless steel appliance package. Step into immediate cash flow now operating at a very impressive 5.20% in-place Cap Rate and 13.74 in-place GRM!

Location

State CA

County Los Angeles

Area Redondo Beach (90278)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 2

Others

Monthly Total Fees $164

Acceptable Financing Cash

Space Rent $5,000

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Austin Zahn • Lyon Stahl Investment Real Estate, Inc.
Bought with Nicholas Phillips • Compass

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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