Description

IN ESCROW – 218 Ruby Street represents a rare opportunity for investors or developers to purchase a RBR-3A zoned duplex on a corner lot.  This prime location is both west of PCH and south of Torrance Blvd and just 2 short blocks to the beach.  The existing structure is two 2 bedroom, 1 bath units – one up and one down.  For the eager investor, there is a great opportunity to upgrade the units and capture up to 46% upside in gross rents.  The lot usage of existing improvements leaves plenty of room to explore options to add more square footage or a potential ADU on the property.   Buyers will want to investigate for potential redevelopment of larger units on this prime location.  The property is currently tenant occupied – please do NOT disturb the tenants or walk the property.  See agent comments for additional information and supplements. 

Current Gross Rents – $42,564

Proforma Gross rents – $62,400

Address

  • Address 218 Ruby Street
  • Zip/Postal Code 90277

Details

  • Price: $1,595,000
  • Property Size: 1800 Sq Ft
  • Land Area: 5359 Sq Ft
  • Bedrooms: 4
  • Bathrooms: 2
  • Garage: 0
  • Year Built: 1948
  • Property Type: Multi Family Home
  • Property Status: For Sale, In Escrow

Overview

  • Multi Family Home
  • Property Type
  • 4
  • Bedrooms
  • 2
  • Bathrooms
  • 0
  • Garage
  • 1800
  • Sq Ft
  • 1948
  • Year Built

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Contact Information

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Kyle Daniels
  • Kyle Daniels

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Kyle Daniels
  • Kyle Daniels