We are pleased to present a unique opportunity to acquire four townhomes, in a trophy location, at a low basis. Priced at a 17GRM, $523/Sq.Ft., and a current 4.21% Cap (Pro forma 5.08% cap), this is available at a cost well below the comps.
The subject property consists of one 3 bed/ 2.5 bath, one 2 bed/ 2 bath, & two 2 bed/ 1.5 bath townhome units. Each unit has its own private balcony/patio space, as well as its own private roof top deck. There is ample parking onsite, as well as onsite seller owned laundry for additional income. 517 N Francisca is located steps from the Redondo Beach Pier, the beach, Hollywood Riviera, and the 49 Acre 2,290 unit power plant development. This is one of the lowest GRMs, and lowest price per foot you’ll find in such a sought after location & with condo-quality units. Reach out for more information ASAP, as this opportunity will not last long.
- Parking:
- 20.00
- New Construction YN:
- 0
- Laundry:
- Upper Level
- Parking:
- Tandem Covered
- Sewer:
- Conventional Septic
- Common Walls:
- 2+ Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- PWYOUNSHA
- Water Source:
- Public
- Lot Features:
- Value In Land
- Community Features:
- Sidewalks, Street Lights, Park, Watersports, Curbs, Dog Park, Gutters, Biking, Fishing
- Association:
- 0
- Street:
- Francisca
- Street Number:
- 517
- Street Suffix:
- Avenue
- Zip4:
- 2118
- Floor Number:
- 0
- Longitude:
- W119° 36' 34''
- Latitude:
- N33° 50' 56.2''
- Street Dir Prefix:
- N
- Listing Courtesy of:
- Younglewin Advisors, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 6
- Zoning:
- RBR-3A
- Lot Size Square Feet:
- 5,976 Sqft
- List Agent Last Name:
- Young
- List Agent License Number:
- 01963090
- Special Listing Conditions:
- Standard
- List Office ID:
- PB20845
- List Agent First Name:
- Shane
- Directions:
- W of PCH E of N Catalina
- MLSAreaMajor:
- 157 - S Redondo Bch W of PCH
- Levels:
- Three Or More
- Parcel Number:
- 7503011034
- List Agent License Number:
- 02164683
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
517 Francisca Avenue, Redondo Beach, California 90277
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- PW23015235
- List Price :
- $2,790,000
- Year Built :
- 1971
- Lot Area :
- 0.14 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90277
- Close Price :
- $2,755,000
- Status :
- Closed
- Property Type :
- Apartment
- Price Per Square Foot :
- $517
- Days on Market :
- 69
