2107 Voorhees Avenue
Property Overview
Rare North Redondo Beach four-unit building delivered 100% vacant at close of escrow, so a buyer can lease every unit at today's market rents from day one. The 4,285 SF building sits on a 7,492 SF lot and offers two 2bd/1.5ba townhouse-style units, a 2bd/1.5ba unit, and a 3bd/2ba unit with washer/dryer hookups (a large 2+den, with the den sized for use as a third bedroom). Every unit has private outdoor space: a patio at Unit A, a patio plus rooftop deck at Unit B, an extra-large patio at Unit C, and a large rooftop deck at Unit D. Six single-car garages. Scheduled as-is income of $152,400 per year ($12,700/month) at lease-up, a 4.66% cap rate and 14.76 GRM, with a 5.12% pro-forma cap and 13.79 pro-forma GRM (post renovation). No local rent control. Minutes to Manhattan Beach, Hermosa Beach, the beach and the South Bay Galleria, within the Redondo Beach Unified School District. Sold as-is.
Home Details
- Property type
- Residential Income
- Year built
- 1969
- Living area
- 4,285 sq ft
- Lot size
- 7,492 sq ft
- Parking
- 6 spaces
- Garage
- 6 spaces
- Stories
- 2
- Days on market
- 2
- MLS status
- Active
- Zoning
- RBR-2
Features & Amenities
Appliances
- Washer
Parking
- Garage
Location & Neighborhood
Frequently Asked Questions About 2107 Voorhees Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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