Active
2020 Graham AVE
REDONDO BEACH CA, 90278
$6,200,000
$514.27 per sqft
Active
19 Beds
13 Baths
12,056 sqft
Multi-family
Built in 1970
Graham Street is a rear find! Built in 1970 s and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach s best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location. A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy. Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 4.1% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 14 parking spaces consisting of tuck under and separate building all have storage. This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.
SB25001636MR
MLSⓇ ID
January 10, 2025
Listed
January 16, 2025
Updated
Map
2020 Graham AVE
REDONDO BEACH CA, 90278
Interior Features
Total Stories
3
Bedrooms
19
Total Bathrooms
13
Appliances
Community, Dishwasher, Laundry Area, Other
Laundry Description
Community, Laundry Area, Other
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.34 Acres
Sewer
Public Sewer
Other Property Details
Area Name
N. Redondo Beach/Villas North
Days on Market
6
Garage
Yes
Garage Spaces
18
Parking
Assigned, Driveway, Driveway - Brick, Garage
Parking Total
18
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
RBR-2
Listing History
Date | Event | Price |
---|---|---|
1/10/2025 | Active | — |
Listed by Ross Moore with Estate Properties
Listing Contact: 310-937-6388
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Erik Brunken shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 1/16/2025