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Listing 16 out of 188
$2,995,000 For Sale

227 Avenue F
Redondo Beach, CA 90277

8 units | Multi Family Home
6024 sq ft - MLS# 18394378
Property Photo
1/11

Description

-Located on the Cusp of the South Bay's Hottest Market - Hollywood Riviera -Offered at Under $375,000 Per Unit -Walk to Riviera Village! -No Rent Control and Over 41% in Rental Upside -Less Than 2-Blocks from the Pacific Ocean -Old World Charm - Spanish Style Architecture -Unit Mix - (1) Two-Bed/One-Bath Cottage, (1) Two-Bedroom/One-Bath Unit, (4) One-Bed/One-Bath Units, and (2) Studio/One-Bath Units -Pro-Forma Cap Rate of 5.17%

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90277
  • Year Built: 1924
  • Units: 8 units
  • Lot Size: 6024 sq ft
  • Zoning: RBR-1
  • Area: 157 - S Redondo Bch W of PCH
  • Building Area Total: 4186.00
  • Co-Listing Agent License: 01938297
  • Co-Listing Office License: 01929798
  • Cooling: See Remarks
  • Cooling YN: Yes
  • Directions: West of PCH, South of Avenue E
  • Electric Expense: 4256.00
  • Fuel Expense: 2045.00
  • Gross Multiplier: 19.70
  • Gross Operating Income: 147479.00
  • Improvements Amount: 633746
  • Insurance Expense: 1884.00
  • Land Value: 1769210
  • 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: 2400.00
  • Net Operating Income: 94031.00
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Other Expense: 1600.00
  • Parking Features: Street
  • Parking YN: Yes
  • Stories Total: 2
  • Total Expenses: 53448.00
  • Trash Expense: 1292.00
  • Water Sewer Expense: 1814.00
Courtesy of Cbc Advisors, Jonathan Nikfarjam

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Krystyna Ryan
Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: krystynarealestate@gmal.com
BRE # 01485187

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Krystyna Ryan | Broker Associate | The Real Estate Group
Phone: 310.918.5027 | Email: krystynarealestate@gmal.com
BRE # 01485187