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 4 minutes ago
  • CRMLS last updated this listing 5 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

Basic Info
Beds : 9
Baths : 8
Building Area : 4,395 Sqft
Quadruplex (4 units, any combination)
Partial Baths :
Rooms :
Lot Size : 7,505 Sqft
Year Built : 1968
Last Sale Price : $1,050,000
Last Sale Date : 10/16/2003
House Features

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2116 Bataan Rd
  • $1,800,000
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  • $410/Sqft
  • 7,505 Sqft Lot
  • Built 1968
2116 Bataan Rd is a multi family home located in 90278 in Redondo Beach, CA. It was last listed for $1,800,000, which is 80% above the current market median of $999,000 in 90278 and 50% above the market median of $1,200,000 in Redondo Beach. 2116 Bataan Rd is approximately 4,395 Sqft, which is 113% above the median size in Redondo Beach of 2,060 Sqft and 115% above the median size in 90278 of 2,042 square feet. This property's price per square foot was $410, which is 18% below the current median in 90278 of $497 and 30% below the Redondo Beach median of $584. As of today, , there are 41 properties listed for sale in ZIP code 90278 and 89 properties listed for sale in the city of Redondo Beach. Of those 89 properties, there are 40 single family houses and 49 condos.
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 26 with a median list price of $1,200,000 and median cost per square foot of $584. Its current status is sold under the MLS #SB16189063.

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