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1714 Clark Lane, Redondo Beach, CA 90278
$2,559,500
1714 Clark Lane, Redondo Beach, CA 90278View this property at 1714 Clark Lane, Redondo Beach, CA 90278
1714 Clark LaneRedondo BeachCA90278
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Property Description
Introducing 1714 Clark Ln, Redondo Beach. Located on the outskirts of the Golden Triangle, this building is wonderfully poised for an owner-occupant or a cash-flow seeking investor! There is a rare 4-bedroom unit to be delivered vacant, complete with front and back yard space. Additionally, there is a 3-bedroom 1.5-bath unit with a private yard and two 2-bedroom 1.5-bath units.
This building has undergone a complete rehab including upgrades such as a full roof replacement, new window system, exterior paint and an enhanced shared backyard space. Each unit has its own washer/dryer and private garage space. The unit interiors have been upgraded with new two-tone cabinets, Calacatta-quartz countertops, vinyl plank flooring with modern baseboards and a new stainless steel appliance package.
Step into immediate cash flow now operating at a very impressive 5.20% in-place Cap Rate and 13.74 in-place GRM!
Full Property Details
Full Property Details for 1714 Clark Ln
General
- Sold For: $2,559,500
- Status: Closed
- Type: Multi-Family
- MLS ID: SB23172337
- Added to Site: 241 day(s) ago
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 6
Location
- Area: 154 - N Redondo Bch/Golden Hills
- County: Los Angeles
- Development Name: 154 - N Redondo Bch/Golden Hills
- Driving Directions: Between Harkness Ln and Ford Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 5
Structural Information
- Entry Location: Front
- Square Feet: 3,849
- Year Built: 1969
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 4
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1722
- Lot Size Source: Assessor
- Zoning: RBR-2
- Lot Description: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $664.98
- Price Per Unit: 662500
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Lyon Stahl Investment Real Estate, Inc., Austin Zahn
Sold by Compass, Nicholas Phillips
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Schools
Schools serving 1714 Clark Ln
School District:Redondo Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1600 Green Ln, Redondo Beach, CA 90278 | K-5 | 0.4 mi | |
2600 Ripley Ave, Redondo Beach, CA 90278 | 6-8 | 1 mi | |
1 Sea Hawk Way, Redondo Beach, CA 90277 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1714 Clark Ln
Date
Details
Price
Change
Source
2/27/2024
Sold
$2,559,500
-3.42%
MLS
11/10/2023
Price Reduced
$2,650,000
-3.64%
MLS
10/26/2023
Price Reduced
$2,750,000
-1.79%
MLS
9/15/2023
Listed
$2,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1714 Clark Lane, Redondo Beach, CA 90278 (MLS# SB23172337) is a Multi-Family property that was sold at $2,559,500 on February 27, 2024. Want to learn more about 1714 Clark Lane? Do you have questions about finding other Multi-Family real estate for sale in Redondo Beach? You can browse all Redondo Beach real estate or contact a Coldwell Banker agent to request more information.