Multifamily
716 W Redondo Beach Blvd
716 W Redondo Beach Blvd, Gardena, CA 90247
Listing Price: $975,000
Investment Overview
Marcus & Millichap is pleased to present to market 716 West Redondo Beach Boulevard, a fourplex in Gardena, California. This value-add opportunity offers a new investor the chance to acquire an asset in a strong rental market and capture 45 percent rental upside. One currently vacant unit also makes this a great acquisition opportunity for an owner/user. Further adding to this property’s potential, a new investor may be able to convert the garages to four 450-square foot one-bedroom ADU’s (buyer to verify).
716 West Redondo Beach Boulevard is a 2,872-square foot 1954 construction with four one-bedroom/one-bath units that are separately metered for gas and electricity. Each unit has washer/dryer hookups, a single-car garage and new windows.
The property is in a strong rental location conveniently near the 110 Freeway and within a half-mile of major retailers and two of the cities’ top employers: the Memorial Hospital of Gardena and the Hustler Casino.
716 W Redondo Beach Blvd
Investment Highlights
- Great Opportunity to Acquire a Fourplex in a Strong Rental Location and Capture 45 Percent Rental Upside
- All One-Bedroom/One-Bath Units With In-Unit Washer/Dryer Hookups, New Windows and a Garage for Each Unit
- Potential Owner/User Opportunity; One Unit is Currently Vacant
- ADU Potential: A New Investor May Be Able to Convert the Garages to Four 450-Square Foot One-Bedroom ADU's (Buyer to Verify)
- Conveniently Near the 110 Freeway and Within a Half-Mile of Major Retailers and Two of Gardena's Top Employers
Exclusively Listed By
Listing Price: $975,000
Investment Highlights
- Great Opportunity to Acquire a Fourplex in a Strong Rental Location and Capture 45 Percent Rental Upside
- All One-Bedroom/One-Bath Units With In-Unit Washer/Dryer Hookups, New Windows and a Garage for Each Unit
- Potential Owner/User Opportunity; One Unit is Currently Vacant
- ADU Potential: A New Investor May Be Able to Convert the Garages to Four 450-Square Foot One-Bedroom ADU's (Buyer to Verify)
- Conveniently Near the 110 Freeway and Within a Half-Mile of Major Retailers and Two of Gardena's Top Employers
Investment Overview
Marcus & Millichap is pleased to present to market 716 West Redondo Beach Boulevard, a fourplex in Gardena, California. This value-add opportunity offers a new investor the chance to acquire an asset in a strong rental market and capture 45 percent rental upside. One currently vacant unit also makes this a great acquisition opportunity for an owner/user. Further adding to this property’s potential, a new investor may be able to convert the garages to four 450-square foot one-bedroom ADU’s (buyer to verify). 716 West Redondo Beach Boulevard is a 2,872-square foot 1954 construction with four one-bedroom/one-bath units that are separately metered for gas and electricity. Each unit has washer/dryer hookups, a single-car garage and new windows. The property is in a strong rental location conveniently near the 110 Freeway and within a half-mile of major retailers and two of the cities’ top employers: the Memorial Hospital of Gardena and the Hustler Casino.
Exclusively Listed By
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