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$ 5,100,000
$ 5,300,000 3.8%
Est. payment /mo
Sold on 06/25/2025
2020 Graham Avenue Redondo Beach, CA 90278
12,056 SqFt
UPDATED:
Key Details
Sold Price $5,100,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 12,056 sqft
Price per Sqft $423
MLS Listing ID CRSB25001636
Sold Date 06/25/25
HOA Y/N No
Year Built 1970
Lot Size 0.344 Acres
Acres 0.34
Property Sub-Type Other
Property Description
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 u
Location
State CA
County Los Angeles
Zoning RBR-
Interior
Cooling None
Fireplace No
Laundry Common Area, Other, See Remarks
Building
Lot Description Level, Other
New Construction No
Others
Tax ID 4155006030
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Listed by Ross Moore • Estate Properties
Bought with NoamSrolovitz
Bought with NoamSrolovitz