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1107 Barbara Street, Redondo Beach, California 90277, Redondo Beach, 90277 - bed, bath

1107 Barbara Street, Redondo Beach, California 90277 home-pic-0
ACTIVE$2,420,000
1107 Barbara Street, Redondo Beach, California 90277
0Bed
0Bath
4,610Sqft
7,258Lot
Year Built
1965
Close
-
List price
$2.42M
Original List price
$2.6M
Price/Sqft
$525
HOA
-
Days on market
-
Sold On
-
MLS number
SB25105537
Home ConditionFair
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $2.42M(56th), sqft - 4610(89th), beds - undefined(50th), baths - undefined(50th).

Welcome to 1107 Barbara St....a hard to find 4 plex for investors in an excellent desirable area 156 in south Redondo Beach. Front 3 bedroom 2 bath rehabbed townhome style unit, plus 3 x 2 bedroom, 1.75 bath rear units...all with excellent rents. 3 large double garages plus plenty of off-street parking. Front unit has direct garage access and laundry hookups. Convenient rear community laundry room with washer and dryer included for use by other 3 units. Easy care synthetic lawn in front and back looks great! This large all-electric complex is separately metered and resides on a quiet residential street conveniently located about a 15 minute car ride to the gorgeous southern California coastline...make this a solid investment addition to your growing portfolio or just starting out...please drive by only and call/text me for more info! thanks

Nearby schools

9/10
Alta Vista Elementary School
Public,•K-5•0.2mi
9/10
Anza Elementary School
Public,•K-5•0.6mi
9/10
Tulita Elementary School
Public,•K-5•0.7mi
9/10
Seaside Elementary School
Public,•K-5•1.0mi
8/10
Victor Elementary School
Public,•K-5•1.1mi
8/10
Towers Elementary School
Public,•K-5•1.6mi
8/10
Riviera Elementary School
Public,•K-5•1.6mi
8/10
Jefferson Middle School
Public,•6-8•1.0mi
7/10
Calle Mayor Middle School
Public,•6-8•1.2mi
8/10
Edward J. Richardson Middle School
Public,•6-8•1.5mi
8/10
Bert M. Lynn Middle School
Public,•6-8•1.6mi
9/10
West High School
Public,•9-12•1.2mi
9/10
South High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
04/27/07
Sold
$1,450,000
01/31/06
Sold
$1,425,000
08/05/05
Sold
$940,000
Condition Rating
Fair
Built in 1965, this property shows a mixed condition. While the listing states one unit is 'rehabbed' and some images show updated grey laminate flooring and fresh paint, other images, particularly the kitchen (Image 9) with its dark wood cabinets, dated white tile countertops, and older white appliances, indicate significant outdated elements. The bathroom shower (Image 7) also appears functional but dated. The property is maintained and rentable, as suggested by 'excellent rents,' but requires substantial updates, especially in the kitchens and bathrooms of the non-rehabbed units, to meet current quality standards. It is not in 'Poor' condition as it appears functional, but it's far from 'Good' due to the visible dated features.
Pros & Cons

Pros

Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Prime Investment Opportunity: This property is explicitly marketed as a 'hard to find 4 plex for investors' in a highly desirable area, indicating strong potential for rental income and capital appreciation.
Strong Rental Income Potential: The listing highlights 'excellent rents' across its diverse unit mix, which includes a rehabbed 3-bedroom townhome-style unit and three 2-bedroom units, appealing to a broad tenant base.
Desirable Location: Situated in an 'excellent desirable area 156 in south Redondo Beach' on a 'quiet residential street,' with convenient access to the Southern California coastline and highly-rated schools.
Operational Efficiency for Landlords: The complex is 'separately metered' and 'all-electric,' simplifying utility management for the owner and reducing operational overhead.
Ample Parking & Tenant Amenities: Features '3 large double garages plus plenty of off-street parking,' direct garage access for the front unit, and a convenient community laundry room, enhancing tenant appeal and convenience.

Cons

Age of Property & Potential for System Updates: Built in 1965, the property is nearly 60 years old. While one unit is rehabbed, other units or common systems may require significant updates or maintenance in the near future.
Restricted Buyer Access & Information: The 'drive by only' instruction limits a buyer's ability to thoroughly inspect the interior condition of all units, potentially creating uncertainty and slowing down the due diligence process.
Absence of Specific Financial Performance Data: While 'excellent rents' are mentioned, the listing lacks concrete financial details such as current rent rolls, operating expenses, or a pro forma, which are crucial for comprehensive investor evaluation.

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