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    224 S Broadway

    Redondo Beach, CA 90277
    • $2,350,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: SB20263623
    UPDATED: 44 min ago
    $2,350,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    PRICE REDUCED. Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach location - This beautiful property offers 5.3% gross cap while sitting in just 2 blocks from Redondo Beach and Pier. All four cottage-style units are 1 bed with 1 full bath plus living/dining space. Beautifullyremodeled inside and out, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs,vanities, lighting fixtures, and appliances. Each cottage has its own porch and patio with individual laundry space. Detached two-car garage withthree-car spaces in the driveway. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge taxreduction. This trophy location and fully occupied units will attract renters and generate stable cash flow with low operating expenses. Don+GGt missthis opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T10:26:55.893. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112912515
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    224 S Broadway Redondo Beach, CA 90277

    • Price: $2,350,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: SB20263623
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1920
    Built
    Neighborhood:
    157 - S Redondo Bch W of PCH
    County:
    Los Angeles
    Area:
    157 - S Redondo Bch W of PCH
    Property Description
    PRICE REDUCED. Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach location - This beautiful property offers 5.3% gross cap while sitting in just 2 blocks from Redondo Beach and Pier. All four cottage-style units are 1 bed with 1 full bath plus living/dining space. Beautifullyremodeled inside and out, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs,vanities, lighting fixtures, and appliances. Each cottage has its own porch and patio with individual laundry space. Detached two-car garage withthree-car spaces in the driveway. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge taxreduction. This trophy location and fully occupied units will attract renters and generate stable cash flow with low operating expenses. Don+GGt missthis opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied.
    Exterior Features

    Garage Spaces 2.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 4.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Inside

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 124800.00 Gross Scheduled Income 124800.00 Insurance Expense 3200.00 Land Lease YN No Laundry YN Yes Net Operating Income 99475.00 New Construction YN No New Taxes Expense 17625.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 25325.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 22825.00 Trash Expense 0.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Public Records Zoning Rbr-3A

    Listing provided courtesy of Takeshi Kida of Meldia Investment Realty Of America


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T10:26:55.893. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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