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    224 S Broadway

    Redondo Beach, CA 90277
    • $2,350,000
    • STATUS: Active Under Contract
    • ON SITE: 126 days
    • MLS #: SB20263623
    Under Contract
    UPDATED: 51 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. Dont 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 2021-05-06T10:32:37.437. 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 CARLILE Realty & Lending. Licensed in the State of California, USA.
    www.carlilerealty.com/homes/112912515
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    224 S Broadway Redondo Beach, CA 90277

    • Price: $2,350,000
    • Status: Active Under Contract
    • Updated: 51 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. Dont missthis opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied.
    Exterior Features

    Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Contingency Agent Does Not Guarantee The Accuracy Of Any informationincluding FinancialFeaturesSize Or Conditionof Property. Buyer is Advised To independently Verify Through inspection And With Appropriate Professionals To Satisfy Themselves. Seller is A Licensed Ca R.E. Broker. Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 124800 Gross Scheduled Income 124800 Insurance Expense 3200 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 99475 New Construction YN No New Taxes Expense 17625 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 25325 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 2000 Water Source Public 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 2021-05-06T10:32:37.437. 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 CARLILE Realty & Lending. Licensed in the State of California, USA.
     
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