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$3,950,000
Est. payment /mo
8 Beds
7 Baths
4,352 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,352 sqft
Price per Sqft $907
MLS Listing ID 26103119
Bedrooms 8
HOA Y/N No
Year Built 1906
Lot Size 7,609 Sqft
Property Description
Presenting a historic, turnkey 6-unit apartment community located in the heart of Redondo Beachjust blocks from the ocean and pier. This asset features an attractive mix of one 3-Bed/2-Bath and five 1-Bed/1-Bath apartments. Significant tax savings via an active Mills Act contract (saving ~60% on annual property taxes post-sale) boosts net cash flow. NO LOCAL RENT CONTROL! All 6 units are 100% occupied by qualified, long-term, at-market tenants. The entire property has been professionally designed and upgraded, including electrical (main panel + subpanels), plumbing, designer kitchens & baths, exterior facade, and landscaping. Easy to secure quality insurance based on key upgrades. Massive builder upside: architectural plans for 6 detached ADUs are approved by Planning and currently under Building Department review.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Interior
Interior Features Ceiling Fan(s)
Heating Combination
Flooring Laminate, Wood
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned
Total Parking Spaces 6
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID UNAVAILABLE
Special Listing Condition Standard
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Listed by Noam Srolovitz Kape Property Management, Inc. #02069623
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