1110 Barbara Street, Redondo Beach, CA 90277
List Price: $4.25M
Listing Status: Active
0Days on Market: 59
13 Bedrooms · 12 Bathrooms · 6,792 sq ft
Property Type: ResidentialIncome
Year Built: 1965
Lot Size: 11,379 sq ft
Garage Spaces: 6
MLS Number: 26835407
About This Property
We are pleased to present 1110 Barbara Street, a seven-unit apartment building located in the heart of Redondo Beach. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF), (4) two-bedroom/two-bath (each over 1,000 SF), and (2) one-bed/one-bath units. Four of the seven units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the units are currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other shared utility expenses. This offering presents an excellent opportunity an investor to capitalize on strong rental demand and premium market rents in one of the South Bay's most coveted coastal communities with no local rent control and 16% rental upside potential on current rents. Residents enjoy the best of coastal living in a highly sought-after South Bay neighborhood, just minutes from world-class beaches, parks, restaurants. Please reach out to Seller's Agent 2 for more information and the full marketing package. Updated financials reflect increased rental income and improved operating performance. Well-located asset with strong in-place returns and upside potential.
Listing provided by: DRE #01985584 866-889-0550 charles.wright@matthews.com, Matthews Real Estate Investment Services
Source: CRMLS, MLS #: 26835407
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.