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(310)918-5027
Real Estate Company
906 Torrance Boulevard, Redondo Beach, CA 90277
- $7,350,000
- 38
- BD
- 30
- BA
- 19,944
- SqFt
- Sold Price
- $7,350,000
- List Price
- $8,250,000
- Closing Date
- Dec 23, 2024
- Status
- CLOSED
- MLS#
- 24437465
- Year Built
- 1962
- Bedrooms
- 38
- Bathrooms
- 30
- Living Sq. Ft
- 19,944
- Lot Size
- 20,390
- Acres
- 0.47
- Days on Market
- 0
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Stories
- Two Levels
Property Description
This 26 Unit Property presents an opportunity to add value to a very desirable asset in a Premium location. The 906 Redondo Apts. is located in one of Southern California's most sought-after areas, Redondo Beach. It's about a mile from Redondo Pier/Fisherman's Wharf, and the Pacific Ocean. This is a mecca for weekend tourists with over 50 options for dining, shopping, and water activities. The charming Flatiron style building built in the 60's, sits on a robust commercial corner, but offers the tenants parking access off a quiet cul-de-sac. The unit mix is ideal with (2) 3 BR's; (7) 2BR's and (17) 1BR's. There are 24 covered parking spaces plus (3) garages. The front entrance features a lush garden with a tropical theme and a stairwell to the secure gate. That entry leads to an open courtyard with a heated pool, and lounge area for tenants. The property has been professionally managed for years and offers immediate and attainable upside of 27%. The city of Redondo Beach is subject only to state rent control (AB1482) and rents can be raised annually by 5% plus CPI.
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Additional Information
- Appliances
- Dishwasher, Disposal
- Heat
- Natural Gas
- Cooling Description
- None
- Garage Spaces Total
- 3
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 26
Listing courtesy of Listing Agent: Keith Moret (keith.m@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by Keith Moret from Lyon Stahl Investment Real Estate, 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.