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$2,400,000
214 S BroadwayRedondo Beach, CA 90277
Mixed Use|Sold 01/29/2025
0
Beds
0
Total Baths
3,776
SqFt
$636
/SqFt
1921
Built
County:
Los Angeles
Listed by Keith Kelley of Palm Realty Boutique keith@palosverdesrealty.com
Bought with Devin Jensen of Jensen Realty 3106830520
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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.
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Listing Snapshot
Bedrooms
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Inside Area (SqFt)
3,776 sqft
Lot Size
0.173 Acres
Year Built
1921
MLS® Number
PV24197358
Status
Sold
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 11 months ago | Listing updated with changes from the MLS® |
General Features
Acres
0.173
Garage
Yes
Garage Spaces
4
Land Lease
No
Levels
Two
Number Of Stories
2
Parking Spaces
4
Property Sub Type
Mixed Use
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
3776
Water Source
Public
Zoning
RBR-3A
Interior Features
Laundry Features
Common Area
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Exterior Features
Pool Features
None
Community Features
Building Access
Front and side
Community Features
Sidewalks
Financing Terms Available
CashConventional
MLS Area
157 - S Redondo Bch W of PCH
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. The 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, the 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.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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