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1920 Rockefeller Lane

Redondo Beach, 90278

0 Bd
0 Ba
6,736 Lot
$1,650,000 Current Price
Active Status
17 Days on Market
Jun 28 First Day Active
$1,650,000 Start Price

Description

Welcome to a fantastic investment opportunity in a prime location! This property has been owned by the same family for years and is now available for new possibilities. Property consists of 3 units, two units are 2 bedrooms 1 bath and one unit that is a 3 bedroom 1 bath and each unit has a garage and park space. Drive by and take a look; you'll see the potential is endless.



For investors, consider converting the garages into an ADU and transforming the property into a four-unit rental. The current rents are low, but the long-term tenants are content and reliable, ensuring a steady income stream or raise the rents. There is a huge rent upside available.



Owner-occupants will appreciate the back unit, which boasts a charming yard, perfect for relaxation and outdoor activities.



Contractors and developers will be thrilled with the location. This property offers the chance to tear down and build spacious new units, maximizing rental income potential.



The property is professionally managed, with management costs already included in the expenses, which remain impressively low.



Don't miss out on this versatile and promising property

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Property Details for 1920 Rockefeller Lane

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Keith Brabec
Listing Brokered By
Century 21 Union Realty
Type
Residential Income, Triplex
Year Built
1949 (Assessor)
MLS Area
151 - N Redondo Bch/Villas North

Price and MLS Information

Status
Active | Listing History
MLS Days on Mkt.
17 DOM
Combined DOM*
17
First Date Active
June 28th, 2024
Current Price
$1,650,000
Orig. List Price
$1,650,000
MLS® #
SB24132969
APN
4156014002
Special
Standard

Room Information

Laundry
Inside

Exterior Information

Lot Description
Back Yard
Lot Size (sq. ft.)
6,736
Lot Size (acres)
0.15
Pool
None
Parking Spaces
7
Garage Spaces
3

Utilities Information

Water Source
Public

Additional Information

Zoning
RBR-3

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
151 - N Redondo Bch/Villas North
City/State
Redondo Beach
Zip Code
90278
County
Los Angeles
# of Units
3
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Listing/Price History

1920 Rockefeller Lane, Redondo Beach, (MLS® #SB24132969)

Date Details Price Change
First Day Active $1,650,000
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Listing Summary

Quick Summary of 1920 Rockefeller Lane: This home in Redondo Beach is priced at $1,650,000 . The Triplex residence was originally built in 1949 and was listed on June 28th, 2024 at $1,650,000, showing 17 Days on Market currently. Contact Dave Fratello today for more information or to go see 1920 Rockefeller Lane.

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Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2024 at 7:45pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.