214 S Broadway

Redondo Beach, CA 90277

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,776 Sqft
  • 7537
    Sqft(Lot)
$3,200,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47003718

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1921
    • Building Area Total: 3,776

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.173
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7537

  • Listing Price Information

    • Original List Price: 3,200,000
    • Listing Contract Date: 2024-09-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7505019020

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 157 - S Redondo Bch W of PCH
    • Postal Code Plus 4: 3307
    • Directions: PCH to Garnet left on S Broadway
    • Zoning: RBR-3A
    • Source Property Type: Residential Income
    • Area: 157 - S Redondo Bch W of PCH
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 103
    • Common Walls: No Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front and side
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 16:23

  • MLS: PV24197358
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 3,776 sqft, 7,537 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Redondo Beach , in zip code 90277, this Los Angeles County Home are nearby neighborhoods.