J
Seller's Agent in 2015
Joshua Cohen
Keller Williams South Bay
1721 Camino de la Costa Redondo Beach, CA 90277
16
Beds
10
Baths
8,512
Sq Ft
10,435
Sq Ft Lot
About This Home
As of August 2015This is your opportunity to purchase a true legacy South Redondo Beach investment real estate property.
The property is terrifically located just one block from the beach and just one block from Redondo’s Riviera Village. The village is one of the loveliest shopping and nightlife destinations in Southern California, with well more than 100 shops, boutiques, bars, restaurants, professional offices and a Trader Joe’s grocery store.
The building features: A very attractive unit mix of six - two bedroom, one bathroom units and four - one bedroom, one bathroom units; tremendous upside in the in-place rents (25-50%+); an attractive open layout; on-site parking (10 spots) for each unit; copper plumbing throughout; gas wall heaters – all new; individual units each have their own water heater; large linen and wardrobe closets in every unit; individual metering of both gas and electric utilities; two of the units have patios.
These types of investments in this location rarely come available for purchase. The location is incomparable, has tremendous upside either from in-place operations or complete redevelopment, and there are very few investment alternatives available in the marketplace with this type of charm and potential cash flow upside.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 06/23/2015
Last Buyer's Agent
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 06/23/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 10,435 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 8,512 Sq Ft Home
Bedrooms and Bathrooms
- 16 Bedrooms
- 10 Bathrooms
Parking
- 10 Parking Spaces
- 10 Carport Spaces
Additional Features
- Leased Washer and Dryer
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 11
- Tax Tract Number 10303
- Assessor Parcel Number 7511010010
Community Details
Overview
- 10 Units
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,933
- Insurance Expense $3,405
- Maintenance Expense $7,500
- Other Expense $6,122
- Professional Management Expense $8,311
- Water Sewer Expense $2,007
- New Taxes Expense $56,100
- Gross Income $14,985
- Net Operating Income $88,763
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2015 08/03/15 | Sold | $4,450,000 | -12.7% | $523 / Sq Ft |
| 07/10/2015 07/10/15 | Pending | -- | -- | -- |
| 06/23/2015 06/23/15 | For Sale | $5,100,000 | -- | $599 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB15136548
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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