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    Property Description

    This 26 Unit Property presents an opportunity to add value to a very desirable asset in a Premium location. The 906 Redondo Apts. is located in one of Southern California’s most sought-after areas, Redondo Beach. It’s about a mile from Redondo Pier/Fisherman’s Wharf, and the Pacific Ocean. This is a mecca for weekend tourists with over 50 options for dining, shopping, and water activities. The charming Flatiron style building built in the 60’s, sits on a robust commercial corner, but offers the tenants parking access off a quiet cul-de-sac. The unit mix is ideal with (2) 3 BR’s; (7) 2BR’s and (17) 1BR’s. There are 24 covered parking spaces plus (3) garages. The front entrance features a lush garden with a tropical theme and a stairwell to the secure gate. That entry leads to an open courtyard with a heated pool, and lounge area for tenants. The property has been professionally managed for years and offers immediate and attainable upside of 27%. The city of Redondo Beach is subject only to state rent control (AB1482) and rents can be raised annually by 5% plus CPI.

    Features
    : natural gas
    : Gated community, Resident manager
    : 27.00
    0
    : Garage, Assigned
    0
    CLW-X91371
    1
    0
    : Mid Century Modern
    : Dishwasher, Disposal
    : Ceiling Fan(s)
    Address Map
    Torrance
    906
    Boulevard
    0
    W119° 37' 22.6''
    N33° 50' 18.2''
    MLS Addon
    Lyon Stahl Investment Real Estate, Inc.
    $0
    3
    RBC-2
    20,390 Sqft
    Moret
    01802527
    : Standard
    CLW-X82195
    Keith
    North
    West of Prospect Ave., South of Garnet St., North of Pearl St.
    156 - S Redondo Bch S of Torrance Bl
    Two
    7506022056
    01972083
    $0
    0

    Residential Income For Sale

    906 Torrance Boulevard, Redondo Beach, California 90277

    0.47 Sqft
    $8,250,000
    Listing ID #24437465
    Basic Details
    Property Type : Residential Income
    Listing Type : For Sale
    Listing ID : 24437465
    List Price : $8,250,000
    Year Built : 1962
    Lot Area : 0.47 Sqft
    Country : US
    State : California
    County : Los Angeles
    City : Redondo Beach
    Zipcode : 90277
    Status : Pending
    Price Per Square Foot : $414
    Days on Market : 5
    Agent info
    Contact Agent
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