214 S Broadway, Redondo Beach, CA 90277
-
Listed Price :
$3,200,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1921
Property Description
Prime South Redondo Beach Location just blocks from the Redondo Beach Pier and Harbor. This 7,534 sq ft property sits West of Pacific Coast Highway offering 4 - 1 bedroom 1 bathroom units in the front building and 2 - 1 bedroom 1 bathroom free standing cottages. There is tremendous upside potential with rent increases to market rents as well as potential for an ADU. The property also offers 4 single car garages. Owner has completed upgrades including a new roof installation which is in process. Current CAP rate of 3.4% with $157,740 Gross annual income. Huge upside with Pro forma income of $200,520 would bring the CAP rate to 4.7%. Great opportunity to own a prime location building with huge future upside.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
214 S Broadway |
| City |
Redondo Beach |
| State |
CA |
| Zip |
90277 |
| County |
Los Angeles |
| Listing Agent |
Keith Kelley DRE #01810798 |
| Co-Listing Agent |
Bill Davis DRE #01374451 |
| Courtesy Of |
Palm Realty Boutique |
| List Price |
$3,200,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
7,537 |
| Year Built |
1921 |
Listing information courtesy of: Keith Kelley, Bill Davis, Palm Realty Boutique. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 27th, 2024 at 2:48 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
