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1300 Agate StreetRedondo Beach, CA 90277

For Sale

$1,995,000

Smart Buyer Rebate $19,950

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.

Full MLS Disclaimers

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.