Seller's Agent in 2025
Keith Kelley
Strand Hill Properties
(310) 707-2170
2 in this area
57 Total Sales
214 S Broadway Redondo Beach, CA 90277
6
Beds
6
Baths
3,776
Sq Ft
7,537
Sq Ft Lot
Highlights
- Laundry Room
- Alta Vista Elementary School Rated A+
- Level Lot
About This Home
As of January 2025Prime 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.
Last Agent to Sell the Property
Strand Hill Properties Brokerage Phone: 310-944-5554 License #01810798 Listed on: 09/23/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921
Lot Details
- 7,537 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,776 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Legal Lot and Block 33 / 168
- Tax Tract Number 6213
- Assessor Parcel Number 7505019020
- $1,772 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $394
- Fuel Expense $570
- Insurance Expense $1,600
- Professional Management Expense $7,500
- Trash Expense $2,414
- Water Sewer Expense $1,357
- Operating Expense $13,835
- Gross Income $157,740
- Net Operating Income $108,901
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/29/2025 01/29/25 | Sold | $2,400,000 | -25.0% | $636 / Sq Ft | |
| 09/23/2024 09/23/24 | For Sale | $3,200,000 | +7.8% | $847 / Sq Ft | |
| 03/11/2022 03/11/22 | Sold | $2,969,675 | +4.2% | $786 / Sq Ft | View Prior Sale |
| 02/21/2022 02/21/22 | Pending | -- | -- | -- | |
| 02/08/2022 02/08/22 | For Sale | $2,850,000 | -- | $755 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $35,656 | $3,151,787 | $1,591,812 | $1,559,975 |
| 2024 | $35,656 | $3,089,988 | $1,560,600 | $1,529,388 |
| 2023 | $35,004 | $3,029,400 | $1,530,000 | $1,499,400 |
| 2022 | $14,228 | $1,128,836 | $844,857 | $283,979 |
| 2021 | $14,069 | $1,106,703 | $828,292 | $278,411 |
| 2020 | $14,085 | $1,095,356 | $819,799 | $275,557 |
| 2019 | $13,819 | $1,073,879 | $803,725 | $270,154 |
| 2018 | $13,418 | $1,052,823 | $787,966 | $264,857 |
| 2016 | $12,897 | $1,011,942 | $757,369 | $254,573 |
| 2015 | $12,677 | $996,743 | $745,993 | $250,750 |
| 2014 | $12,545 | $977,220 | $731,381 | $245,839 |
Source: Public Records
Agents Affiliated with this Home
-
Keith Kelley
-
Devin Jensen
Buyer's Agent in 2025
Devin Jensen
Jensen Realty
(310) 809-2891
9 in this area
55 Total Sales
-
Gianluca Jacoli
Seller's Agent in 2022
Gianluca Jacoli
Shield CRE, Inc.
(510) 708-2662
9 in this area
50 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV24197358
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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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