807 Lilienthal Ln, Redondo Beach, CA 90278

Property Description

REAL ESTATE INVESTMENT OPPORTUNITY - LIVE IN ONE, RENT THE OTHER AND SUBSIDIZE YOUR MORTGAGE PAYMENT! Opportunities abound whether you are living, investing or building. This oversized 9,000 square foot lot features three units with the main house detached. The largest unit at 1,220 sq ft features 3 bed & 2 bath, with a spacious family room, kitchen, full chimney fireplace, & private laundry inside the detached 2 car garage (2422 Ralston Lane). The rear units are both 745 sq ft each with 2 bedrooms and one bath (807 & 809 Lilienthal Lane). One includes an attached garage and the other has additional exterior parking. There is room to park an RV that includes sewer & electrical hookup. All three units have a new roof as of 2015 & remolded bathrooms. This triplex is an oversized corner lot with potential to expand, & is walking distance to Washington Elementary & Adams Middle School. The property is only 2 miles from Redondo's famous King's Harbor & the newly approved $900M South Bay Galleria redevelopment that is slated to break ground in 2020 & completed in 2023. With great in-place income and significant upside rent potential, this is the perfect opportunity for an owner-user & investor alike to acquire an investment property in a highly desirable area with limited inventory.