2672 Redondo Blvd new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25218622
HOA Y/N No
Year Built 1965
Lot Size 4,800 Sqft
Property Sub-Type Apartment
Property Description
2672 Redondo Blvd is a fully stabilized 5-unit multifamily investment (4 units + 1 ADU) located in the heart of Los Angeles. The property may qualify for special financing with just 10% down and no mortgage insurance — please contact Lionel Sabbah at GreenDay Mortgage for details. The property generates $15,941 in monthly gross income through Section 8 guaranteed rents, providing investors with reliable and predictable cash flow. The desirable unit mix includes (3) three-bed/one-bath units, (1) four-bed/two-bath unit, and (1) one-bed/one-bath ADU across 4,019 SF of improvements. All units are clean and well maintained, minimizing upfront capital requirements.
With a 7.00% cap rate and 9.67 GRM, the asset delivers strong in-place returns that are rarely available in today's Los Angeles market.
Positioned in a central, high-demand rental pocket, 2672 Redondo Blvd offers investors a rare opportunity to acquire a stabilized, cash-flowing property with long-term upside potential in both income growth and appreciation.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs,Suburban,Sidewalks,Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5049020004
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard