Maybe every 5 years this type of property comes up for sale. There is nothing like this for sale in the beach cities right now. Total Vintage Charm. Just 2 blocks from the Redondo Beach Pier sits four, 1920’s individual beach cottages. All four units are 1 bed with 1 full bath, plus dining area, and own laundry off kitchens, Each cottage with their own yard & porch. Two units with clawfoot tubs. Original windows and glass. Perfect for a individual or couple. Standalone 2 car garage with 3 car parking spaces in driveway. Attached to garage are 4 separate storage closets.

First time on market in 25 years. This property was originally a 1920’s family summer retreat/compound. Additional the property offers a communal hangout to BBQ or just “be.” Note: Photos will be added after 10/25.

Per the city, the units may be eligible for the “Mills Act” to have the property taxes lowered by up to 50%. That would involve restoring the units to their original glory. Conversely, it is possible the units can be razed and 3 new attached townhomes can be built. Detailed financials are available including a 20 year cash flow projection.

All units will be unoccupied by December 1, 2019. That makes is very easy to do anything you want with the property. The units need a lot of TLC, but this property could be an absolute jewel with the right vision.