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Listing 10 out of 162
$3,250,000 New For Sale

502 N Elena Avenue
Redondo Beach, CA 90277

7 units | Multi Family Home
6016 sq ft - MLS# 18373378
Property Photo
1/17

Description

-No Rent Control -Centered in the Upscale South Redondo Beach Coastal Community - 3 Blocks from the Pacific Ocean -Located West of Pacific Coast Highway - Walking distance to the Pacific Ocean and King Harbor -Outstanding Unit Mix - (One) Three-Bedroom/Two-Bathroom Unit, (One) Two-Bedroom/One-Bathroom Unit, & (Five) One-Bedroom/One-Bathroom Unit -Over 29% in Rental Upside - Pro-Forma Cap Rate of 4.53% & Pro-Forma GRM of 16.07

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90277
  • Year Built: 1964
  • Units: 7 units
  • # of Parking Spaces: 7.00
  • Lot Size: 6016 sq ft
  • Zoning: RBR-3A
  • Area: 157 - S Redondo Bch W of PCH
  • Building Area Total: 4840.00
  • Co-Listing Agent License: 01938297
  • Co-Listing Office License: 01929798
  • Cooling: See Remarks
  • Cooling YN: Yes
  • Directions: West of PCH, North of Beryl Street
  • Garage Spaces: 7.00
  • Gross Multiplier: 20.80
  • Gross Operating Income: 154307.00
  • Improvements Amount: 652399
  • Insurance Expense: 2178.00
  • Land Value: 1863999
  • Laundry Features: See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 01856803
  • Listing Office License: 01929798
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • MLS: CL
  • Maintenance Expense: 2800.00
  • Net Operating Income: 102668.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Other Expense: 1400.00
  • Other Income1: 2754.00
  • Parking Features: Garage
  • Parking YN: Yes
  • Stories Total: 2
  • Total Actual Rent: 154307.00
  • Total Expenses: 51639.00
  • Water Sewer Expense: 3916.00
Courtesy of Cbc Advisors, Jonathan Nikfarjam

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Krystyna Baty
Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: batyrealestate@gmail.com
BRE # 01485187

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Krystyna Baty | Broker Associate | The Real Estate Group
Phone: 310.918.5027 | Email: batyrealestate@gmail.com
BRE # 01485187