This versatile 4-unit property offers an incredible opportunity for both owner-users and investors. The front unit, a spacious 3-bedroom residence, making it perfect for immediate occupancy or market-rate rental potential. The remaining three units are generously sized 1-bedroom apartments, each with a single-car garage for added convenience. The property features additional parking and storage, along with a rear area that offers potential for an ADU, enhancing its long-term value and rental potential.
Situated just blocks from Hermosa Beach and centrally located to everything Redondo Beach has to offer, this property provides a coveted coastal lifestyle. With significant rental upside and a location that combines convenience and charm, this is a rare find in one of the most desirable beachside communities. Don't miss this opportunity to invest in a prime location with endless possibilities!
Listed by Travis Lebouf
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License #01938822
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Platinum Properties R.E.
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310-882-0659
Last updated December 05, 2024
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Source: CRMLS #PW24239001
Listing Facts
TypeMulti-family
NeighborhoodSouth Redondo Beach
Days on Prevu292
Amenities
Parking
Location
Mortgage Calculator
Listing History
11/22/2024
Listed by Platinum Properties R.E.
$1,995,000
Property Details for 1300 Agate Street
Association
Amenities
Community Features: Biking, Dog Park
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1963
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Ground
Measurements
Building Area Total: 3,680
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.12
Lot Size Area: 5,453
Lot Size Source: Assessor
Lot Size Square Feet: 5,453
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 3.5
Gross Income: $119,844.00
Operating Expense: $45,464.00
Taxes
Parcel Number: 7502014030
Other
Location
Tax Block: 15
Tax Lot: 1
Parking
Parking
Garage Spaces: 5
Garage: Yes
Parking Total: 5
Utilities
Equipment
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup
Sewer: Public Sewer
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.