2116 Bataan Rd
Redondo Beach, CA 90278

Bd   — Ba   4,395 Sqft
4 LARGE townhouse style units. High demand, easily rented units. All long term tenants, all month to month. Currently below market rents. Building and units in good condition (but interiors could use updating to increase rents). 3 bedroom 2 bath - "owner's unit" has fireplace, dishwasher and large balcony. All other units have 2 bedrooms 1 1/2 baths. All units have and washer, dryer hookups. Units B 1 unit has attached 1 car garage with direct entry to the unit. All electric building with individual meters. The location is excellent, wide street with good mix of properties including new and newer construction. The location has superior access to freeways and all services - it is also Manhattan Beach adjacent. With a little updating the rents should match the (pro-forma that is stated below). POTENTIAL gross income of $112,800 with current actual expenses and new taxes NOI would be $80,988 - this is a 4.2 CAP rate and 16.8 GRM. Offers are subject to inspection and presented as a 1031 Exchange at no cost, liability or delay to the buyer.
  • Neighborhood: North Redondo Beach
  • Days on Movoto: 61
  • Year Built: 1968
  • HOA:
  • $/Sqft: $410
  • Lot: 7,505 Sqft
  • Property Type: Multi Family
  • MLS#: SB16189063
  • MLS:
  • Listing Office: Re/Max Estate Properties
  • Listed By: David Keller
  • Movoto last checked CRMLS for new data 1 hour ago
  • CRMLS last updated this listing 6 months ago
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Property History

Status
Date
Price
Sold
Oct 26, 2016
$1,800,000
Active Under Contract
Sep 19, 2016
Listed
Sep 11, 2016
Active Under Contract
Sep 6, 2016
Listed
Aug 26, 2016
$1,899,000
#SB16189063

Public Record

9 Beds
8 Baths
4,395 Sqft Building Area
Quadruplex (4 units, any combination)
7,505 Sqft Lot Size
1968 Year Built
$1,050,000 Last Sale Price
10/16/2003 Last Sale Date
As of today, there are 52 properties listed for sale in ZIP code 90278 and 117 properties listed for sale in the city of Redondo Beach, CA. This property at 2116 Bataan Rd in 90278 was last listed for $1,800,000. This is 60% above the current $1,128,000 median price for Redondo Beach and 90% above the median of $949,000 for 90278. Of the 117 properties for sale in Redondo Beach, 56 are single family homes and 61 are condos. 2116 Bataan Rd is a multi family home that is approximately 4,395 Sqft, 128% above the Redondo Beach median of 1,925 and 131% above the 90278 ZIP code median of 1,905. The price per Sqft was $410 which is 20% below the current median price in 90278 of $515 and 32% below the Redondo Beach median of $605 per Sqft.
Built in 1968, this multi family house at 2116 Bataan Rd, Redondo Beach CA, 90278 is approximately 4,395 square feet and comes with 7 parking spots. It was last listed with a cost per Sqft of $410. 2116 Bataan Rd is located in the North Redondo Beach neighborhood in the Redondo Beach Unified School District. The closest school is Lincoln Elementary School.

2116 Bataan Rd, Redondo Beach CA, 90278 was on the market for 61 days. The median days on the market for properties in this area is 16 with a median list price of $1,128,000 and median cost per square foot of $605. Its current status is sold under the MLS #SB16189063.

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