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$5,100,000
$5,300,000 3.8%
Est. payment /mo
0.34 Acres Lot
Sold on 06/25/2025
2020 Graham AVE Redondo Beach, CA 90278
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Key Details
Sold Price $5,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB25001636
Year Built 1970
Lot Size 0.344 Acres
Property Description
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 o
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Rooms
Kitchen Dishwasher, Oven Range - Electric
Interior
Cooling None
Laundry Laundry Area, Community Facility
Exterior
Parking Features Workshop in Garage, Assigned Spaces, Covered Parking, Garage, Common Parking Area, Other
Garage Spaces 18.0
Pool None
Building
Lot Description Grade - Level
Story Split Level, Three or More Stories
Water District - Public
Others
Special Listing Condition Not Applicable
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