2513 Carnegie Ln
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2513 Carnegie Ln
3 Unit Apartment Building Offered at £1,856,523 at a 3.17% Net Initial Yield in Redondo Beach, CA 90278
Investment Highlights
- Close proximity to 91 and 405 freeways
- 3 miles from the beach, 5 miles from LAX
- Down the street from South Bay Galleria
Executive Summary
Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£97,645
|
£22.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£4,882
|
£1.12
|
| Effective Gross Income |
£92,763
|
£21.36
|
| Taxes |
£23,207
|
£5.34
|
| Operating Expenses |
£10,417
|
£2.40
|
| Total Expenses |
£33,624
|
£7.74
|
| Net Operating Income |
£59,139
|
£13.62
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £97,645 |
| Annual Per SF | £22.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £4,882 |
| Annual Per SF | £1.12 |
| Effective Gross Income | |
|---|---|
| Annual | £92,763 |
| Annual Per SF | £21.36 |
| Taxes | |
|---|---|
| Annual | £23,207 |
| Annual Per SF | £5.34 |
| Operating Expenses | |
|---|---|
| Annual | £10,417 |
| Annual Per SF | £2.40 |
| Total Expenses | |
|---|---|
| Annual | £33,624 |
| Annual Per SF | £7.74 |
| Net Operating Income | |
|---|---|
| Annual | £59,139 |
| Annual Per SF | £13.62 |
Property Facts
| Price | £1,856,523 | Building Class | C |
| Price Per Unit | £618,841 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,342 SF |
| Net Initial Yield | 3.17% | Number of Floors | 2 |
| No. Units | 3 | Year Built | 1962 |
| Property Type | Residential | Parking Ratio | 0.92/1,000 SF |
| Property Subtype | Multi Family |
| Price | £1,856,523 |
| Price Per Unit | £618,841 |
| Sale Type | Investment |
| Net Initial Yield | 3.17% |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Multi Family |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,342 SF |
| Number of Floors | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.92/1,000 SF |
1 of 1
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (85)
zoning
| Zoning Code | RBR-3 |
| RBR-3 |
-
Malcolm Zeger -
Buckingham Investments
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2513 Carnegie Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.