Property 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.
Features
- Parking:
- 26.00
- New Construction YN:
- 0
- Laundry:
- Upper Level
- Sewer:
- Conventional Septic
- Common Walls:
- No Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- VKELLKEI
- Water Source:
- Public
- Lot Features:
- Level With Street
- Community Features:
- Sidewalks
- Stories:
- 2
- Entry Level:
- 1
- Entry Location
Address Map
- Street:
- Broadway
- Street Number:
- 214
- Zip4:
- 3307
- Floor Number:
- 0
- Longitude:
- W119° 36' 49''
- Latitude:
- N33° 50' 22.1''
- Street Dir Prefix:
- S
MLS Addon
- Listing Courtesy of:
- Palm Realty Boutique
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 4
- Zoning:
- RBR-3A
- Lot Size Square Feet:
- 7,537 Sqft
- List Agent Last Name:
- Kelley
- List Agent License Number:
- 01810798
- Special Listing Conditions:
- Standard
- List Office ID:
- V8496
- List Agent First Name:
- Keith
- Directions:
- PCH to Garnet left on S Broadway
- MLSAreaMajor:
- 157 - S Redondo Bch W of PCH
- Levels:
- Two
- Parcel Number:
- 7505019020
- List Agent License Number:
- 01834818
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
214 Broadway, Redondo Beach, California 90277
0.17 Sqft
$3,200,000
Listing ID #PV24197358
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- PV24197358
- List Price :
- $3,200,000
- Year Built :
- 1921
- Lot Area :
- 0.17 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90277
- Close Price :
- $2,400,000
- Status :
- Closed
- Property Type :
- Commercial/residential
- Price Per Square Foot :
- $636
- Days on Market :
- 126
