2744 S Redondo Boulevard, Los Angeles, CA 90016
List Price: $1.55M
Listing Status: Active
Original List Price: $1.59M
0Days on Market: 41
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1931
Lot Size: 4,804 sq ft
Garage Spaces: 4
Private Pool: Yes
MLS Number: SB26092550
About This Property
2744 S Redondo Boulevard presents an opportunity to acquire a well-located 4-unit multifamily property in the desirable West Adams neighborhood of Los Angeles. The property features a highly desirable unit mix consisting of (4) 3 bedroom/1 bath units, currently generating just over $11,000 in monthly rental income. Priced at $387,500 per unit and $354.53 per square foot, the property provides investors with an opportunity to acquire a large-unit asset in one of Los Angeles’ most sought-after rental submarkets. The property is currently operating at a 6.11% cap rate with approximately 24% rental upside, presenting meaningful potential to increase cash flow through rent growth. The property is ideally located in West Adams, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation corridors including Interstate 10 and Interstate 110, providing connectivity to major employment, retail, and entertainment destinations throughout Los Angeles.
Listing provided by: Brandon Maghen DRE #02250000 310-425-9838 brandon.maghen@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: SB26092550
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.