2518 Gates Avenue
Redondo Beach, CA 90278
MLS #SB16752201

Income
  • 3units
  • 2,710sq ft
Pending Sale $1,350,000
Est. P&I payment: $5156.09/mo
2518 Gates Avenue, Redondo Beach, CA 90278
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Description for 2518 Gates Avenue, Redondo Beach, CA 90278
Three Units on 7500 sq ft Lot in Desirable N.Redondo Area, R-3 zone, freshly painted, remodeled kitchen in rear 3 bedroom house, w/New cabinets, white Quartz stone counter, new Lino, hardwood flooring under carpet, fireplace, spacious master bedroom, private patio, w/2 car garage, this unit is vacant for easy show. The upper one bedroom unit has open spacious floor plan and a city view off deck, Separate front house is 2/1 w/New tenant and new rent of $2,100/mo. Rear house 3/2 also has a New tenant new rent of $3,000/mo; for total Rent of $6,375/mo - Including 1/1 upper unit ($1,275). Good income with units seldom vacant over several years. Close to Galleria shopping, beach, easy freeway access, and Northrup Grumman. Can be viewed upon acceptance of offer
MLS #SB16752201
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My Notes for MLS #SB16752201

General Features

  • Number Of Buildings: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Year Built: 1951
  • Zoning: RBR-3
  • Elevation Units: Feet
  • Number With Carpet: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 2

Exterior Features

  • Construction Materials: Drywall Walls,​Stucco
  • Fence YN: 1
  • Roof: Composition
  • Stories Total: 2
  • Uncovered Spaces: 4
  • Fencing: Blockwall,​Chain Link
  • Lot Features: Back Yard,​Front Yard,​Lot 6500-9999,​Park Nearby,​Up Slope from Street
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,500
  • Lot Size Dimensions: 50 x 150
  • Lot Size SqFt: 7,500
  • Lot Size Units: Square Feet
  • View YN: 1
  • View: City Lights
  • Accessibility Features: 32 inch or more wide doors
  • Door Features: Mirrored Closet Doors,​Sliding Glass Door(s)
  • Garage Spaces: 2
  • Parking YN: 1
  • Parking Features: Driveway,​Shared Driveway,​Driveway - Concrete,​Garage
  • Parking Total: 6
  • Pool Features: None
  • Window Features: Screens
  • Architectural Style: Traditional
  • Common Walls: 1 Common Wall
  • Property Attached YN: 1

Interior Features

  • Flooring: Carpet,​Vinyl,​Wood
  • Foundation Details: Raised,​Slab
  • Interior Features: Ceiling Fan,​Stone Counters,​Unfurnished
  • Levels: Two
  • Room Type: Attic,​Living Room,​Main Floor Bedroom,​Main Floor Master Bedroom,​Multi-Level Bedroom,​Walk-In Closet,​Walk-In Pantry
  • Spa Features: None
  • Fireplace YN: 1
  • Fireplace Features: Living Room,​Master Bedroom,​Wood
  • Average 1Bed Area: 620
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area: 750
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area: 1,340
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Cooling: None
  • Heating YN: 1
  • Heating: Wall Heater,​Forced Air,​Natural Gas,​Fireplace
  • Laundry YN: 1
  • Laundry Features: Gas Dryer Hookup,​In Garage,​Washer Hookup
  • Security Features: Carbon Monoxide Detector(s),​Smoke Detector
  • Utilities: Phone Connected,​Sewer Connected,​Water Connected
  • Water Source: Public
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Appliances YN: 1
  • Appliances: Dishwasher,​Garbage Disposal,​Gas Stove,​Gas Water Heater,​Microwave
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Financial Features

  • Electric Expense: 600
  • Gross Scheduled Income: 76,500
  • Insurance Expense: 1,400
  • Net Operating Income: 72,500
  • Operating Expense: 4,500
  • Price Per SqFt: 498.15
  • Supplies Expense: 200
  • Total Expenses: 18,427
  • Trash Expense: 440
  • Vacancy Allowance Rate: 1
  • Water Sewer Expense: 970
  • Tax Block: 4,153
  • Tax Lot: 2
  • Gross Income: 76,500
  • Gross Operating Income: 76,500
  • Licenses Expense: 37
  • New Taxes Expense: 14,200
  • Tenant Pays: Electricity,​Gas
  • Total Actual Rent: 2,775

Community Features

  • Community Features: Sidewalks,​Street Lighting

Miscellaneous Features

  • Building Area Total: 2,710
  • Building Area Units: Square Feet
  • Days On Market: 145
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 145
  • Tax Census Tract: 6,205.21
  • Tax Tract Number: 15

Location

 
Street View Not Available
Directions to 2518 Gates Avenue, Redondo Beach, CA 90278
Inglewood Ave to Gates Avenue two blocks west to property
Listing information for 2518 Gates Avenue, Redondo Beach, CA 90278 was graciously provided by our friends at the listing brokerage, Robert C. Teora and by listing agent Teora Robert DRE# 00522800

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/21/2018 at 6:08am
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