Neighborhood: 155 - S Redondo Bch N Of Torrance Bl
1314 Agate Street is a well-positioned 4-Unit in Redondo Beach. Built in 1963, the 4,186 SF building sits on a 5,537 SF lot, and features (1) 4-bed/2-bath house with a 2-Car Garage, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit with a shared 3-Car Garage. Currently sitting at a 3.77% cap rate, there is upside potential of a 4.50% market cap.
Given the ideal location in a high-growth city and consistent income of over $10,800/mo., this is a great opportunity to own a quality asset for any Los Angeles CRE investor.