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.
- Heating System
- Fence:
- Fair Condition
- Roof Deck:
- Reflective
- Parking:
- 7.00
- New Construction YN:
- 0
- Utilities:
- Natural Gas Not Available, Natural Gas Connected, Phone Available, Cable Available
- Laundry:
- Community, Washer Included, Dryer Included, See Remarks, Inside, No
- Sewer:
- Conventional Septic
- Common Walls:
- No Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- sbpetenic3
- Water Source:
- Public
- Lot Features:
- Lot 6500-9999, Level With Street, Rectangular Lot, Level, Yard, Value In Land, Tear Down
- Community Features:
- Sidewalks, Street Lights, Curbs, Gutters
- Stories:
- 1
- Flooring:
- Wood, Laminate
- Association:
- 0
- Property Condition:
- Fixer
- Architectural Style:
- Cottage
- Appliances:
- Indoor Grill
- Spa:
- 0
- Street:
- Broadway
- Street Number:
- 224
- Floor Number:
- 0
- Longitude:
- W119° 36' 49.1''
- Latitude:
- N33° 50' 20.9''
- Street Dir Prefix:
- S
- Listing Courtesy of:
- Engel & Volkers LA-South Bay
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 2
- Zoning:
- RBR-3A
- Lot Size Square Feet:
- 7,505 Sqft
- List Agent Last Name:
- Peters
- List Agent License Number:
- 00880972
- Special Listing Conditions:
- Standard, Trust
- List Office ID:
- sb1309810
- List Agent First Name:
- Nick
- Directions:
- Traveling North on PCH, Make a left turn on Torrance Blvd, then a right turn onto Broadway.
- Lot Size Dimensions:
- 50x150
- MLSAreaMajor:
- 157 - S Redondo Bch W of PCH
- Levels:
- One
- Parcel Number:
- 7505019041
- List Agent License Number:
- 01967052
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
224 Broadway, Redondo Beach, California 90277
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- SB19248445
- List Price :
- $1,800,000
- Year Built :
- 1920
- Lot Area :
- 0.17 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90277
- Close Price :
- $1,780,000
- Status :
- Closed
- Property Type :
- Quadruplex
- Price Per Square Foot :
- $833
- Days on Market :
- 16
