1300 Agate St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1300 Agate St
4 Unit Apartment Building $1,995,000 ($498,750/Unit) 3.50% Cap Rate Redondo Beach, CA 90277
Executive Summary
Charming 4-Unit Property with Rental Upside in Prime Redondo Beach Location
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!
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!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$119,844
|
$32.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,992
|
$1.63
|
| Effective Gross Income |
$113,852
|
$30.94
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$45,464
|
$12.35
|
| Net Operating Income |
$68,388
|
$18.58
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $119,844 |
| Annual Per SF | $32.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,992 |
| Annual Per SF | $1.63 |
| Effective Gross Income | |
|---|---|
| Annual | $113,852 |
| Annual Per SF | $30.94 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $45,464 |
| Annual Per SF | $12.35 |
| Net Operating Income | |
|---|---|
| Annual | $68,388 |
| Annual Per SF | $18.58 |
Property Facts
| Price | $1,995,000 | Property Subtype | Apartment |
| Price Per Unit | $498,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 3.50% | Building Size | 3,680 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.5 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1963 |
| Property Type | Multifamily |
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 16.5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,680 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 1 | - | - |
| 1+1 | 3 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 7502-014-030 | Improvements Assessment | $295,533 (2024) |
| Land Assessment | $1,313,514 (2024) | Total Assessment | $1,609,047 (2024) |
PROPERTY TAXES
Parcel Number
7502-014-030
Land Assessment
$1,313,514 (2024)
Improvements Assessment
$295,533 (2024)
Total Assessment
$1,609,047 (2024)
zoning
| Zoning Code | RBRMD |
| RBRMD |
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Platinum Properties Real Estate
1300 Agate St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.