Susannah Hogentogler-Beach City Brokers

Color inspiration....I need a refresh!

Downsizing is trending regardless of age. Here are the primary reasons from those born between 1946 and 1964 aka "boomers". Spoiler alert: saving money is at t...he top...shocker. Okay Boomers, whatever you say! #BeachCityBrokers #RealEstate

109 S Guadalupe Avenue #B - Active

4 unit Income property in South Redondo Beach Approx. $2.45M - $2.5M. Location: South Redondo Beach (West of PCH)... Near Redondo Beach Pier Key information: Cap rate: 3.4 % 4 units (4 separate dwellings in a lot. Craftsman style, California Bungalow/summer cottages) Parking 4 parking spaces in front of the garage. Lot size: little over 7,500sq.-ft. 540-560 sq.-ft/unit (1bed/1full Jack and Jill bathroom) Rent comp: approx. $2,450 (but I was advised to start from $2,800 since we might land at $2,600s) Each house comes with a front porch and a yard. Historical property: the property will receive Mills Act Property tax saving upon designation by the city(most likely saving will kick in from 2021) The buyer can take over the construction project, or receive turn key, the buyer can live in the front unit and rent the 3 other houses, or just to own the property and lease all 4 houses). We welcome 1031 Exchange buyer. Fully vacant: but the seller can advertise 1 or 2 units for leads to prove the market rent by buyer’s request (upon completion of the remodeling). Contact me for more info! Susannah 310-266-5145 Beach City Brokers Lic #01928604

https://susannahhogentogler.vflyer.com//fly/home/327003010