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Image 1 - 2320 Grant Ave, Redondo Beach, California, 90278 - House for sale
Image 2 - 2320 Grant Ave, Redondo Beach, California, 90278 - House for sale
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Grant Ave, Redondo Beach, Home For Sale
2320 Grant Ave, Redondo Beach, California, 90278

Grant Ave, Redondo Beach, Home For Sale

house for sale
Listed: 08/11/24

2320 Grant Ave, Redondo Beach, California, 90278

10 Bed:
5 Bath:
4,511 Sq Ft Living Area:
Save
Price
$ 2,55M

About This House

Located in North Redondo Beach, 2320 Grant Avenue consists of (1) 2-Bedroom/1-Bathroom House and (4) 2-bedroom/1-bathroom units. The front house is currently vacant for the new buyer. The front house is completely detached from the rear units and contains a private front yard and its own washer/dryer hookup. Additionally, a rear private backyard is located behind the rear building providing private outdoor space for one of the 2-Bedroom/1-Bathroom units. The property sits on a7, 509-SFlot and features 5 garage spaces. The asset contains stable-in place rents yielding a 4.55% cap rate and15.69 GRM.The property also has significant rental upside with a pro-forma cap rate of 5.81%. This is a perfect opportunity for an Owner-User or an investor looking to achieve higher rents. The property is NOT subject to Los Angeles City Rent Control and defaults toAB-1482where an investor can raise rents up to 8.9% annually as of today.

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Redondo Beach Housing & Living

Average sale prices for houses

3 bed
4+ bed
Show as List Show as Graph
In August 2024, the asking price for 3 bed houses for sale in/near Redondo Beach, United States averaged $1,522,157, a decrease of 6% from the previous month.
Median price trends for properties for sale in Redondo Beach, United States as of August 2024.

Household Income

Median household income: $104,548
Number of households: 27,820
The average household income in Redondo Beach, CA grew from $103,782 to $104,548 in the past year. This data is an estimate based upon 27,820 households in Redondo Beach, CA.
The chart below presents how household income is distributed in Redondo Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Redondo Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Redondo Beach, CA equals $3k+ , which is more than the national average.