214 S Broadway, Redondo Beach, CA 90277 (MLS # PV24197358)

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PRICE $3,200,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 3,776 sqft
LOT SIZE 7,536 sqft

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.

DAYS ON MARKET 46 LAST UPDATED 9/23/2024
YEAR BUILT 1921 COMMUNITY S Redondo Bch W of PCH
GARAGE SPACES 4.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA S Redondo Bch W of PCH
GARAGE Yes
LOT 7537 sq ft
LOT DESCRIPTION Street Level
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
ZONING RBR-3A
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Palm Realty Boutique

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Based on information from California Regional Multiple Listing Service, Inc. as of 11/8/24 12:43 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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