Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPV24197358
MLS Source
California Regional MLS
Days on Site
62
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Contact Information
Listing Agent
Keith Kelley
Palm Realty Boutique
License #: 01810798
Phone: (310) 707-2124
Co-Listing Agent
Bill Davis
License #: 01374451
Phone: (310) 920-8812
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 6 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
214 S Broadway is a Residential Income in Redondo Beach, CA 90277. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,200,000 and was built in 1921. This address can also be written as 214 S Broadway, Redondo Beach, CA 90277.
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This listing information is up-to-date as of September 27, 2024. For the most current information, please contact Keith Kelley, (310) 707-2124
