2020 Graham Avenue, Redondo Beach, CA 90278 - Berkshire Hathaway HomeServices California Properties
2020 Graham Avenue Redondo Beach, CA 90278
$5,300,000 0 beds, 0 baths
0 sqft

Agent Remarks

Graham Street is a rare find! Built in 1970’s and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach’s 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 5.6% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 18 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.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Active Under Contract
MLS# SB25001636
List price is $5,300,000 Reduced by $450,000 on 3/19/2025
Beds: 0
Baths: 0
None fireplaces
Built in 1970
0.34 acres
Lot size: 0.3445
County: Los Angeles
Zoning: RBR-2
Construction: Copper Plumbing
Interior features: Balcony,Granite Counters,Storage,Solid Surface Counters
Exterior features: Brick Driveway
Appliances: Dishwasher,Electric Range
Parking description: Assigned,Covered,Driveway Level,Driveway,Garage,On Site,Workshop in Garage
Lot description: Landscaped,Level
Heating/cooling: None
MLS area: 151 - N Redondo Bch/Villas North

Last Updated: 4/12/2025

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This listing belongs to the 151 - N Redondo Bch/Villas North MLS area

Lat/Long: 33.879138, -118.375245.
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Listing Agent: Ross Moore
Lic#: 01801928
Office Name: Sherman Oaks

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