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    224 S Broadway

    Redondo Beach, CA 90277
    • $2,450,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: SB20183100
    UPDATED: 52 min ago
    $2,450,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,137
      SQFT
    • $1,146
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach Location. This fully remodeled and occupied property sitting in just 2 clock from Redondo Beach and Pier. All 4 cottage-style units are 1 bed with 1 full bath plus living/dining space. This summer all units have been remodeled throughout, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs, vanities, lighting fixtures, and applicants. Plus, each unit has its own private porch and patio. As well as washer and dryer in unit. The property comes with two-car detached garage with three-car space in the driveway. This property will be eligible for the Mills Act, a Historical Preservation Program, and will benefit from a huge tax reduction, which is This trophy location and fully occupied units will generate stable cash flow with low operating expenses.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T11:27:50.447. 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 The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/109683036
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    224 S Broadway Redondo Beach, CA 90277

    • Price: $2,450,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: SB20183100
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,137
    SQFT
    $1,146
    $/SQFT
    1920
    Built
    Neighborhood:
    157 - S Redondo Bch W of PCH
    County:
    Los Angeles
    Area:
    157 - S Redondo Bch W of PCH
    Property Description
    Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach Location. This fully remodeled and occupied property sitting in just 2 clock from Redondo Beach and Pier. All 4 cottage-style units are 1 bed with 1 full bath plus living/dining space. This summer all units have been remodeled throughout, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs, vanities, lighting fixtures, and applicants. Plus, each unit has its own private porch and patio. As well as washer and dryer in unit. The property comes with two-car detached garage with three-car space in the driveway. This property will be eligible for the Mills Act, a Historical Preservation Program, and will benefit from a huge tax reduction, which is This trophy location and fully occupied units will generate stable cash flow with low operating expenses.
    Exterior Features

    Garage Spaces 4.00 Lot Features Back YardFront Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Appliances Gas RangeGas Water HeaterRefrigeratorWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Vinyl Heating Wall Furnace Heating YN Yes Laundry Features In Kitchen

    Property Features

    Additional Parcels Description AB226 Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 124800.00 Gross Scheduled Income 124800.00 Insurance Expense 3200.00 Land Lease YN No Laundry YN Yes Net Operating Income 98925.00 New Construction YN No New Taxes Expense 18375.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 25875.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 26075.00 Trash Expense 0.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Public Records Zoning Rbr-3A

    Listing provided courtesy of Kayoko Inoue of Meldia Investment Realty Of America and Akihiro Kondo of Meldia Investment Realty Of America


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T11:27:50.447. 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 The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003