2230 S Redondo Blvd
Los Angeles, CA 90016
Privately tucked behind mature hedges in the heart of Mid-City, this beautifully updated 4-unit income property presents a rare opportunity to invest in one of LA's most rapidly evolving neighborhoods, just minutes from Culver City.
Sales Price $1,875,000
Beds
9
Baths
4
Home Size
3864 Sq. Ft.
Lot Size
4798 Sq. Ft.
Privately tucked behind mature hedges in the heart of Mid-City, this beautifully updated 4-unit income property presents a rare opportunity to invest in one of LA's most rapidly evolving neighborhoods, just minutes from Culver City.
All four units have been thoughtfully renovated in recent years, blending a clean, contemporary aesthetic with the charm of the original architecture. The fully updated building features three spacious 2-bedroom/1-bath units and one oversized 3-bedroom/2-bath unit with sweeping views from multiple angles. Each unit is filled with natural light, and the interiors are well-maintained making this a true turn-key opportunity for investors or potential owner-users. With over 4,400 square feet of living space on a 7,200-square-foot lot, the property also offers excellent potential for expansion or the addition of ADUs (buyer to verify feasibility with the city). All units are currently leased at near-market rents to reliable tenants, currently producing a solid 5.1% cap rate. With an addition of an ADU the property fully optimized is projected at 6.7 % Cap rate. The gated property offers both privacy and convenience, with tall hedges, one off-street parking space per unit, and ample street parking. Ideally located close to the Expo Line, downtown Culver City, and neighborhood hotspots like Helms Bakery, Alta Adams, Vicky's All Day, Chulita, Cento, and Mizlala. An exceptional, income-generating asset in a high-demand central location.
This home located at 2230 S Redondo Blvd is currently active and has been available on pardeeproperties.com for 33 days. This property is listed at $1,875,000. It has 9 beds and 4 bathrooms. The property was built in 1965. 2230 S Redondo Blvd is in the Mid Los Angeles community of Los Angeles County.
Quick Facts
- 33 days on market
- Built in 1965
- Total parking spaces 4Car
- Uncovered
- Community | Mid Los Angeles
- MLS# | 25569237
Features
- Wall Unit(s), Ceiling Fan Cooling
- Electric, Radiant Heat
The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2014 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.
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