1214 Agate Street

Description

Maximize Your Passive Income with This Prime south Redondo 4-Unit Investment Opportunity!1214 Agate Street is a well maintained 4-unit property in the highly desirable North Redondo neighborhood, less than a mile from the beach and King Harbor. This is the ideal investment for the discerning passive income seeker. The property boasts an excellent unit mix: one spacious 3-bedroom/2.5-bathroom unit, two 2-bedroom/2-bathroom units, and a 1-bedroom/1-bathroom unit, ensuring diverse tenant appeal and consistent rental income. Crucially, this property is not subject to LA City Rent Control, offering significant upside potential under AB-1482 and allowing you to maximize your returns. The 4,170 square feet of living space and five garage spaces provide ample room and convenience, attracting quality tenants. Beyond the property's impressive features, its location is an A+ Beach City location. Residents enjoy easy access to the Redondo Beach Pier, The Strand, Hermosa Beach Pier, and the area's robust job market, anchored by prominent employers like Northrup Grumman, Mattel, and numerous aerospace defense companies. This translates to high tenant demand and minimal vacancy. 1214 Agate Street is more than just a property; it's a strategic investment in a thriving coastal community exempt from LA City Rent Control, designed to generate reliable passive income for years to come.

Listing information courtesy of: Gianluca Jacoli, Shield CRE, Inc. 310-593-9861. *Based on information from the Association of REALTORS/Multiple Listing as of 02/24/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.