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Listing 18 out of 179
$2,595,000 Active Under Contract

520 N Francisca Avenue
Redondo Beach, CA 90277

5 units | Multi Family Home
6011 sq ft - MLS# 19433616
Property Photo
1/11

Description

-Outstanding A+ Beach City Location - Just Four Blocks from the Pacific Ocean -No Rent Control -West of Pacific Coast Highway - Walking Distance to King Harbor & Hollywood Riviera -Outstanding Unit Mix - (Four) Two-Bedroom/One-and- Half Bath Townhouses & (One) One-Bedroom/One- Bathroom* Two-Bedroom Townhouses Contain Individual Hot Water Heaters, Living Rooms, Dining Rooms, Private Balconies, & Rooftop Decks (Some with Ocean Views) -Front Two Bedroom Townhouse has Fireplace & Two Units Contain Private Patios -Over 43% in Rental Upside - Pro-Forma Cap Rate of 4.97% & Pro-Forma GRM of 14.76 -Legally Four Units - Qualifies for Residential Financing

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active Under Contract
  • Zip Code: 90277
  • Year Built: 1971
  • Units: 5 units
  • # of Parking Spaces: 8.00
  • Lot Size: 6011 sq ft
  • Zoning: RBR-3A
  • Area: 157 - S Redondo Bch W of PCH
  • Building Area Total: 5243.00
  • Cap Rate: 2.99
  • Co-Listing Agent License: 01938297
  • Co-Listing Office License: 02081496
  • Cooling: See Remarks
  • Cooling YN: Yes
  • Directions: West of Pacific Coast Highway, South of Catalina Avenue
  • Electric Expense: 1362.00
  • Garage Spaces: 8.00
  • Gross Multiplier: 21.14
  • Gross Operating Income: 119659.00
  • Improvements Amount: 528122
  • Insurance Expense: 2359.00
  • Land Value: 739371
  • Laundry Features: See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 02081496
  • Listing Office License: 02081496
  • Lot Size Area: 6010.0000
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • MLS: CL
  • Maintenance Expense: 1500.00
  • Net Operating Income: 77477.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Other Expense: 100.00
  • Other Income1: 600.00
  • Parking Features: Garage
  • Parking YN: Yes
  • Stories Total: 3
  • Total Actual Rent: 122760.00
  • Total Expenses: 42200.00
  • Trash Expense: 1172.00
  • Water Sewer Expense: 1649.00
Courtesy of Shield Cre, Inc., Jonathan Nikfarjam

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Krystyna Ryan
Ryan Team

Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: krystynarealestate@gmail.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