Active
214 S Broadway
Redondo Beach CA, 90277
$3,200,000
$847.46 per sqft
Active
3,776 sqft
Multi-family
Built in 1921
Listed by Keith Kelley with Palm Realty Boutique 310-944-5554
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.
PV24197358
MLSⓇ ID
September 23, 2024
Listed
October 17, 2024
Updated
Map
214 S Broadway
Redondo Beach CA, 90277
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Street Level
Sewer
Public Sewer
Other Property Details
Area Name
157 - S Redondo Bch W of PCH
Days on Market
4
Garage
Yes
Garage Spaces
4
Parking Total
4
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
RBR-3A
Listing Contact: 424-304-2079
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Data last updated on 10/17/2024 at 10:21 AM UTC