Address
224 S Broadway Redondo Beach, CA
Price
$ 2,350,000
Property Attributes
  • ML#SB20263623
  • TypeContingent
  • CountyLOS ANGELES
  • CityRedondo Beach
  • AreaS Redondo Bch W of PCH
  • Zip90277
  • Style
  • Price$ 2,350,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Takeshi Kida with Meldia Investment Realty of America.
Data Source:
CRMLS
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

Community Features Sidewalks
Garage Spaces 2
Garage Y/N Yes
MLS Area 157 - S Redondo Bch W of PCH
Open Parking Spaces 4
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Terms Conventional
Total Units 4
Water Sewer Expense 2000
Zoning RBR-3A

Interior Features

Common Walls No Common Walls
Laundry Features Inside

Exterior Features

Lot Features 2-5 Units/Acre
Lot Size Acres 0.17
Lot Size Area 7505
Lot Size Source Assessor
Lot Size Square Feet 7505
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
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 $1.7M
$2.35M
Visits
AVG 56
41
Year Built
AVG 1977
1920
Walkscore
AVG 68
81
Data Provided by Walkscore ® not using MLS data

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