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.
- Heating System:
- Space Heater
- Security:
- Gated community, Resident manager
- Parking
- New Construction YN:
- 0
- Parking:
- Driveway, Tandem Covered
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-X91371
- Stories:
- 1
- Association:
- 0
- Architectural Style:
- Mid Century Modern
- Appliances:
- Microwave, Refrigerator
- Interior Features:
- Ceiling Fan(s)
- Street:
- Torrance
- Street Number:
- 906
- Street Suffix:
- Boulevard
- Floor Number:
- 0
- Longitude:
- W119° 37' 22.6''
- Latitude:
- N33° 50' 18.2''
- Listing Courtesy of:
- Lyon Stahl Investment Real Estate, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 3
- Zoning:
- RBC-2
- Lot Size Square Feet:
- 20,390 Sqft
- List Agent Last Name:
- Moret
- List Agent License Number:
- 01802527
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X82195
- List Agent First Name:
- Keith
- DirectionFaces:
- North
- Directions:
- West of Prospect Ave., South of Garnet St., North of Pearl St.
- MLSAreaMajor:
- 156 - S Redondo Bch S of Torrance Bl
- Levels:
- Two
- Parcel Number:
- 7506022056
- List Agent License Number:
- 01972083
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
906 Torrance Boulevard, Redondo Beach, California 90277
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- 24437465
- List Price :
- $8,250,000
- Year Built :
- 1962
- Lot Area :
- 0.47 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90277
- Close Price :
- $7,350,000
- Status :
- Closed
- Price Per Square Foot :
- $369
- Days on Market :
- 5
