2013 Ruhland Ave, Redondo Beach, CA 90278
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2013 Ruhland Ave, Redondo Beach, CA 90278
2013 Ruhland Ave, Redondo Beach, CA 90278
2013 Ruhland Ave, Redondo Beach, CA 90278
2013 Ruhland Ave, Redondo Beach, CA 90278
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2013 Ruhland Ave Redondo Beach, CA 90278

9 Beds

8 Baths

4,895 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,895 sqft

Price per Sqft $439

MLS Listing ID 26836189

Bedrooms 9

Year Built 1972

Annual Tax Amount $26,875

Lot Size 7,506 Sqft

Acres 0.1724

Property Sub-Type Multi-Family

Property Description

This well-located fourplex presents an exceptional investment opportunity in the highly desirable North Redondo Beach market, situated approximately two miles from the Hermosa Beach Pier, Manhattan Beach Pier, and the Pacific Ocean. The property offers tenants convenient access to an abundance of premier coastal dining, retail, entertainment, and lifestyle amenities. The expansive 4,895-SF building is situated on a large 7,506-square-foot lot and features an attractive unit mix consisting of (1) 3-bedroom/2-bath unit, (2) 2-bedroom/1.5-bath townhouse units, and (1) 2-bedroom/1.5-bath unit. Additional property amenities include six garage spaces and outstanding ADU potential, with the oversized lot and existing garages presenting a desirable opportunity to add ADUs. From an investment standpoint, the property offers a compelling combination of stable in-place income and meaningful upside potential, featuring a 3.88% current cap rate and 16.74 GRM with the ability to achieve a 5.40% pro-forma cap rate and 13.27 pro-forma GRM. The asset is not subject to local rent control (AB 1482 only), allowing investors to benefit from attractive annual rent increases and long-term rental growth. Additionally, the property qualifies for residential financing, providing buyers with expanded financing options and access to more favorable loan terms.

Location

State CA

County Los Angeles

Area N. Redondo Beach/Villas North

Zoning RBR-2

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Garage

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Shield CRE, Inc.
Cristian Farias

Cristian Farias

Advisor

+1(619) 808-6567

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2013 Ruhland Ave