2617 Gates AVE Redondo Beach, CA 90278

2617 & 2619 Gates Avenue - A rare, contiguous 2-parcel offering in North Redondo. Ideal "Buy and Hold" for an apartment investor - with the "Value Add" opportunity of condo development, in the future. Very tidy buildings maintained well by local ownership. The buildings' unit mix of all 2 Bd units typically means little relative turnover and stable tenancy. Separately gas/electric meters AND separate hot water heaters, garage parking AND each unit has washer/dryer hookups. Seller prefers to sell one building outright and "carry" $750K on the other building, closing concurrently. Immediate rent upside and even more, still, through slight aesthetic improvements - 2 Bedroom/1 Bath units in this area routinely rent for $1,500-$1,600/month!

Several streets North of Artesia Blvd and just a block West of Inglewood Ave. Tenants are 2 minutes from the South Bay Galleria, the 405 Fwy. and a 5 minute drive to surf and sand.