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    2609 Gates Ave

    Redondo Beach, CA 90278
    • $3,300,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: 20-605782
    UPDATED: 69 min ago
    $3,300,000
    • 17
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,499
      SQFT
    • $508
      $/SQFT
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    VALUE-ADD OPPORTUNITY! Property delivered with 5 vacancies. The Gatewood is situated only blocks from the proposed metro South Bay Green Line Extension and the $900 million revitalization of the South Bay Galleria. The subject property is comprised of (4) two-bedroom with one and one-half bathroom units, and (3) three-bedroom with one and three-quarters bathroom units. The two-bedroom units average approximately 830 square feet and the three-bedroom units are approximately 1,025 square feet. Parking consists of 6 one-car garages with an additional 6 tandem surface spaces. The property features a laundry room with 1 washer and 1 dryer leased by Wash. Being sold in conjunction with 2605 Gates Ave (7 units - MLS# 20-605754). Properties can be sold together or separately.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T23:42:26.497. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107985303
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    2609 Gates Ave Redondo Beach, CA 90278

    • Price: $3,300,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 20-605782
    17
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,499
    SQFT
    $508
    $/SQFT
    1964
    Built
    Neighborhood:
    N. Redondo Beach/Villas North
    County:
    Los Angeles
    Area:
    N. Redondo Beach/Villas North
    Property Description
    VALUE-ADD OPPORTUNITY! Property delivered with 5 vacancies. The Gatewood is situated only blocks from the proposed metro South Bay Green Line Extension and the $900 million revitalization of the South Bay Galleria. The subject property is comprised of (4) two-bedroom with one and one-half bathroom units, and (3) three-bedroom with one and three-quarters bathroom units. The two-bedroom units average approximately 830 square feet and the three-bedroom units are approximately 1,025 square feet. Parking consists of 6 one-car garages with an additional 6 tandem surface spaces. The property features a laundry room with 1 washer and 1 dryer leased by Wash. Being sold in conjunction with 2605 Gates Ave (7 units - MLS# 20-605754). Properties can be sold together or separately.
    Exterior Features

    Covered Parking 0 Lot Size Area 7504 Other Structures None Parking Garage None Total Parking 6

    Interior Features

    Baths Total 14.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 1336527 Gross Income 211800 Gross Operating Income 206796 Like Units1 4 Like Units2 3 Net Operating Income 138450.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 68256 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Rbr-3

    Listing provided courtesy of Steffan Braunlich DRE#01859098 of Berkadia.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T23:42:26.497. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355