1311 Amethyst St
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1311 Amethyst St
9 Unit Apartment Building $4,500,000 ($500,000/Unit) 2.74% Cap Rate Redondo Beach, CA 90277
Executive Summary
Value add opportunity. Some deferred maintenance. Rents well below market. Many surrounding properties are being renovated.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 2.74% | Building Size | 8,720 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 24.21 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.03/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 2.74% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 24.21 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 8,720 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.03/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | 968 |
| 3+2.5 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 7502-014-060 | Total Assessment | $1,371,093 |
| Land Assessment | $519,993 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $851,100 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7502-014-060
Land Assessment
$519,993
Improvements Assessment
$851,100
Total Assessment
$1,371,093
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | RBRMD (Multi-Family neighborhood with properties undergoing renovations. Manager's unit is a 2 Bedroom, 2 bath unit with zero income.) |
| RBRMD (Multi-Family neighborhood with properties undergoing renovations. Manager's unit is a 2 Bedroom, 2 bath unit with zero income.) |
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1311 Amethyst St
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