Address
224 S Broadway Redondo Beach, CA
Price
$ 2,350,000
Property Attributes
  • MLS#SB20263623
  • TypeIncome
  • CountyLOS ANGELES
  • CityRedondo Beach
  • AreaS Redondo Bch W of PCH
  • Zip90277
  • Style
  • Price$ 2,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,505 SqFt
Listing Provided Courtesy Of:
Takeshi Kida with Meldia Investment Realty of America.
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. Beautifully remodeled 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 with three-car spaces in the driveway. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge tax reduction. This trophy location and fully occupied units will attract renters and generate stable cash flow with low operating expenses. Don’t miss this opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied.

Price History
12/30/2020 Listed $2,350,000

General Features

Attached Structure Detached
Community Features Sidewalks
Directions West of PCH & North of Torrance Blvd, Property on the right side of Broadway
Garage Spaces 2.00
HOA Fee 0.00
Listagentaor South Bay
Listing Agent Takeshi Kida - BRE#02096893
Listing Agent State License 02096893
MLS Area 157 - S Redondo Bch W of PCH
Pool Features None
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning RBR-3A

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Inside
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 0.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1723
Lot Size Area 7505.0000
Lot Size Source Assessor
Lot Size Square Feet 7505.00
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Total Parking 6.00
Uncovered Spaces 4.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90277

Price
AVG $2.2M
$2.35M
Visits
AVG 24
6
Year Built
AVG 1959
1920

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