2003 Gates Avenue, Redondo Beach, CA 90278
- $1,250,000
- Sold Price
- $1,250,000
- List Price
- $1,350,000
- Closing Date
- Nov 25, 2019
- Status
- CLOSED
- MLS#
- SB19246291
- Year Built
- 1947
- Lot Size
- 7,499
- Acres
- 0.17
- Lot Location
- Front Yard
- Days on Market
- 0
- Property Type
- Multifamily
Property Description
2003 Gates Ave is a North Redondo Beach duplex that features 1,957 SF of living space on a 7,499 SF lot, located just two blocks from Manhattan Beach. Built in 1947, this property has been well-maintained and contains a landscaped yard and a large driveway with a detached 2-car garage. The front 3-bed/1-bath unit features a front yard area and shared back patio; the rear 1-bed/1-bath unit also includes its own private yard and will be delivered vacant. This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historical low. Hitting the market for the first time since 1969, 2003 Gates Ave is an excellent owner-user buy, allowing for an owner to live in one unit and enjoy the top of the market rental income from the other.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $43,800
- Operating Expense
- 21110
Listing courtesy of Listing Agent: Brett Lyon (Brett@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by Rami Elminoufi from Beach City Brokers
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.