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(310)918-5027
Real Estate Company
108 N Broadway, Redondo Beach, CA 90277
- $3,950,000
- 8
- BD
- 7
- BA
- 4,352
- SqFt
- List Price
- $3,950,000
- Status
- ACTIVE
- MLS#
- 26103119
- Year Built
- 1906
- Bedrooms
- 8
- Bathrooms
- 7
- Living Sq. Ft
- 4,352
- Lot Size
- 7,608
- Acres
- 0.17
- Days on Market
- 5
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
Presenting a historic, turnkey 6-unit apartment community located in the heart of Redondo Beachjust blocks from the ocean and pier. This asset features an attractive mix of one 3-Bed/2-Bath and five 1-Bed/1-Bath apartments. Significant tax savings via an active Mills Act contract (saving ~60% on annual property taxes post-sale) boosts net cash flow. NO LOCAL RENT CONTROL! All 6 units are 100% occupied by qualified, long-term, at-market tenants. The entire property has been professionally designed and upgraded, including electrical (main panel + subpanels), plumbing, designer kitchens & baths, exterior facade, and landscaping. Easy to secure quality insurance based on key upgrades. Massive builder upside: architectural plans for 6 detached ADUs are approved by Planning and currently under Building Department review.
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Additional Information
- Appliances
- Dishwasher, Microwave, Refrigerator, Dryer, Washer
- Heat
- Combination
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Noam Srolovitz (noam@kapeproperties.com) from Listing Office: Kape Property Management, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.