Keegan Cin | Realtor® | License # DRE 01971604

Property

Redondo Beach, CA 90278 2020 Graham Avenue

2020 Graham Avenue Redondo Beach, CA - Image 12020 Graham Avenue Redondo Beach, CA - Image 22020 Graham Avenue Redondo Beach, CA - Image 3
8 more
2020 Graham Avenue Redondo Beach, CA - Image 42020 Graham Avenue Redondo Beach, CA - Image 52020 Graham Avenue Redondo Beach, CA - Image 62020 Graham Avenue Redondo Beach, CA - Image 72020 Graham Avenue Redondo Beach, CA - Image 82020 Graham Avenue Redondo Beach, CA - Image 92020 Graham Avenue Redondo Beach, CA - Image 102020 Graham Avenue Redondo Beach, CA - Image 112020 Graham Avenue Redondo Beach, CA - Image 12
Presented By: Ross Moore with Estate Properties; 310-947-6997
  • MLS# SB25001636
  • 01/08/2025
  • Request Tour
  • Request Info
  • Beds • 19
  • Baths • 13
  • SQFT • 12,056
  • Garage • 18
  • Year Built • 1970

Home Details

Graham Street is a rare find! Built in 1970’s and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach’s best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location. A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy. Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 5.6% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 18 parking spaces consisting of tuck under and separate building all have storage. This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.
Presented By: Ross Moore with Estate Properties; 310-947-6997

Interior Features for 2020 Graham Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Interior AmenitiesBalcony, GraniteCounters, Storage, SolidSurfaceCounters
Laundry FeaturesCommonArea, SeeRemarks
Total Stories3

Other Rooms

Entry Level1

General for 2020 Graham Avenue

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.1
Carport Y/NNo
CityRedondo Beach
Community FeaturesCurbs, Gutters, StreetLights
Construction MaterialsCopperPlumbing
CoolingNone
CountyLos Angeles
Current FinancingConventional
DirectionsBetween
Electric Expense1800.0
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2025-01-10
Facing DirectionNorth
Fuel Expense2760.0
Garage Spaces18.0
Garage Y/NYes
Gross Income322800.0
HOANo
Home Warranty Y/NNo
Insurance Expense12000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore, MultiSplit
Listing TermsCashToNewLoan
Lot Size Square Feet15006.0
Lot Size UnitsSquareFeet
MLS Area151 - N Redondo Bch/Villas North
MaintenanceExpense3600.0
MobileHomeRemainsYNNo
Net Operating Income216370.0
New ConstructionNo
Number Of Units Total12
Number of Units Leased12
Operating Expense96630.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Tax Lot3
Taxes$66,250
Tenant PaysCableTv, Electricity
Total Actual Rent322800.0
Trash Expense4300.0
UtilitiesCableAvailable, ElectricityAvailable, SewerConnected, SeeRemarks, WaterAvailable, WaterConnected
Water Sewer Expense3720.0
Year Built1970
Year Built SourceAssessor
ZoningRBR-2

Exterior for 2020 Graham Avenue

Building Area Total12056.0
Crops Included Y/NNo
Exterior AmenitiesBrickDriveway
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped, Level
Lot Size Acres0.3445
Lot Size Area15006.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters12
Number of Separate Gas Meters0
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Covered, DrivewayLevel, Driveway, Garage, OnSite, WorkshopInGarage
Private PoolNo
SpaNo
Total Parking18.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $5,300,000
MLS#SB25001636
List Date 01/08/2025
Property Type Multi-Family
Request Tour
Request Info
Visit My Website

Similar Properties to 2020 Graham Avenue

Skip to content