1804 Flagler Lane, Redondo Beach, CA 90278

About this property

Well maintained 7 unit apartment building located in North Redondo Beach. First time on the market in almost 40 years. The unit mix consists of a 1-2bd/2ba unit and 6-1bd/1ba units and 7 garages. Property is separately metered for gas and electric and has a leased onsite laundry facility. Property is low maintenance and primarily consists of stable long term tenants. 3 of the units have been recently renovated. Projected rental upside of over 25%. Located in a high demand rental area with close proximity to the beach and convenient access to the 405 freeway. Great opportunity to acquire a quality income producing asset in a highly desirable neighborhood. Back on the market through no fault of the property.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$2,500,000

Sold October 2023 · listed $2,600,000, orig. $2,800,000, on market June 2023 · MLS #PW23095581 · Source: CRMLS

Listing Agent: Philip Barton · Listing Office: Philip Barton, Broker · Contact: 760-522-8199 · Bought with: Rick Pranada · Reily Investments, Inc

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