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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(s):
Residential Income
| Last Updated | 9/23/2024 | Year Built | 1921 |
|---|---|---|---|
| Community | S Redondo Bch W of PCH | Garage Spaces | 4.0 |
| County | Los Angeles |
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 |
Location
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Listed with Palm Realty Boutique
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