500 N Helberta Ave is an 8 unit property and includes a stand alone 2BR/1BA home. Excellent unit mix: (3) 2 Bedrooms/1 Bathroom, (4) 1 Bedroom/1 Bathroom & (1) Studio. All units have been meticulously updated and renovated. New kitchens: shaker cabinetry, quartz counters, designer tile backsplashes and most have new stainless steel appliances and real marble floors. Bathrooms: new tub and tiled shower enclosures, new vanities, lighted mirrors and new fixtures. All units have new hardwood laminate flooring, have been freshly painted with modern color schemes and have private outdoor space. Select units have ocean views. All new plumbing and electrical systems. All new windows. Each unit has its own water heater (7 of 8 are brand new). Onsite laundry (machines owned) and secured garage parking. One garage used by the owner could be rented for additional income. The property is ideally located just a few blocks to the beach, Redondo Beach Pier, marina and Seaside Lagoon. It’s close to a number of restaurants and walking distance to Whole Foods and Starbucks. Also walking distance to award winning schools of all levels. Every unit is occupied by a great tenant at solid rental rates. The current/actual gross annual income is $255,840. With a real NOI of $173,301 the property is priced at an above market 3.75%+ CAP. It’s a turnkey asset perfect for an exchange buyer or anyone looking to add a well located asset in great condition to their portfolio.
Listing courtesy of Brian Estes from Re/Max Commercial & Investment
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