$3,200,000 $17,178 forsale estimated payment Sourced by Back At You
214 S Broadway , Redondo Beach, CA 90277
Redondo Beach, CA 90277
Description
Prime South Redondo Beach Location just blocks from the Redondo Beach Pier and Harbor. This 7,534 sq ft property sits West of Pacific Coast Highway offering 4 - 1 bedroom 1 bathroom units in the front building and 2 - 1 bedroom 1 bathroom free standing cottages. There is tremendous upside potential with rent increases to market rents as well as potential for an ADU. The property also offers 4 single car garages. Owner has completed upgrades including a new roof installation which is in process. Current CAP rate of 3.4% with $157,740 Gross annual income. Huge upside with Pro forma income of $200,520 would bring the CAP rate to 4.7%. Great opportunity to own a prime location building with huge future upside.
Details
| Mls | PV24197358 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Subtype | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 79 |
| Listing Provided By | Palm Realty Boutique 424-304-2079 | Keith Kelley |
Features
| Sq Feet | 3,776 |
|---|---|
| Garage | 4 |
| Storys | 2 |
| Units | 6 |
| Buildings | 3 |
| Zoning | RBR-3A |
| Acreage | 0.17 |
Market Activity 90277
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Redondo Beach |
| Zip Code | 90277 |
| Area | 157 S Redondo Bch W of PCH |
| Listing VS Median (in 90277) | |
Price: $3,200,000 low | high Med: $975,000 SqFt: 3,776 low | high Med: 759 $ / SqFt: $847 low | high Med: $1,285 On Site: 79 low | high Med: 99.000000 | |
Listing Updated: December 5, 2024 at 1:31:57 PM PST
