Kimiah Wyer
Keller Williams Realty
(562) 247-4034
48 Total Sales
2 in Redondo Beach
$959K - $1.6M Price Range
214 S Broadway Redondo Beach, CA 90277
Redondo Beach Area
6
Beds
6
Baths
3,776
Sq Ft
7,537
Sq Ft 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2024
Closed on
Jan 14, 2025
Sold by
Bought by
Seller's Agent
Keith Kelley
Strand Hill Properties
Buyer's Agent
Devin Jensen
Jensen Realty
List Price
$3,200,000
Sold Price
$2,400,000
Premium/Discount to List
-$800,000
-25%
Views
71
Purchase Details
Listed on
Feb 8, 2022
Closed on
Mar 4, 2022
Sold by
Bought by
Seller's Agent
Gianluca Jacoli
Shield CRE, Inc.
Buyer's Agent
Keith Kelley
Strand Hill Properties
List Price
$2,850,000
Sold Price
$2,969,675
Premium/Discount to List
$119,675
4.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.10%
Purchase Details
Closed on
Jun 20, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,282
Interest Rate
8.2%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Redondo Beach, CA
-
Kimiah Wyer
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
43 Total Sales
1 in Redondo Beach
$1,640,000 Price
-
Elliott Gilson
Elliott Gilson
Rodeo Realty- Brentwood
(424) 220-1593
8 Total Sales
1 in Redondo Beach
$850,000 Price
-
George Andrianopoulos
George Andrianopoulos
Compass
(626) 788-8206
22 Total Sales
2 in Redondo Beach
$720,000 Price Range
-
Eitan Dagan
Eitan Dagan
Equity Union
(424) 321-8056
23 Total Sales
1 in Redondo Beach
$1,350,000 Price
-
Leslie Stetson
Leslie Stetson
Berkshire Hathaway HomeService
(424) 345-1206
21 Total Sales
3 in Redondo Beach
$1.7M - $2.1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,400,000 | Fidelity National Title | ||
| $2,970,000 | Old Republic Title | ||
| $795,000 | Equity Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $450,000 | ||
| Previous Owner | $540,282 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $37,239 | $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
Seller's Agent in 2025
Keith Kelley
Strand Hill Properties
(310) 707-2170
49 Total Sales
-
Devin Jensen
Buyer's Agent in 2025
Devin Jensen
Jensen Realty
(310) 809-2891
57 Total Sales
-
Gianluca Jacoli
Seller's Agent in 2022
Gianluca Jacoli
Shield CRE, Inc.
(510) 708-2662
54 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV24197358
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes
- 215 S Broadway
- 211 S Francisca Ave Unit B
- 208 S Catalina Ave Unit C
- 109 N Francisca Ave
- 107 N Pacific Coast Hwy
- 200 S Catalina Ave Unit 403
- 100 S Catalina Ave Unit A
- 105 N Broadway Unit E
- 510 The Village Unit 409
- 807 El Redondo Ave
- 650 The Village
- 650 The Village Unit 106
- 620 The Village Unit 302
- 222 S Guadalupe Ave Unit 1
- 217 S Helberta Ave Unit 3
- 250 The Village Unit 303
- 210 The Village Unit 305
- 236 S Helberta Ave Unit SB26150761
- 601 El Redondo Ave
- 417 S Pacific Coast Hwy
- 319 Garnet St
- 313 Garnet St
- 315 Garnet St Unit C
- 315 Garnet St Unit B
- 315 Garnet St Unit G
- 315 Garnet St
- 315 Garnet St Unit I
- 317 Garnet St Unit G
- 317 Garnet St Unit C
- 317 Garnet St Unit B
- 315 Garnet St Unit A
- 315 Garnet St Unit C
- 315 Garnet St Unit D
- 315 Garnet St Unit E
- 315 Garnet St Unit G
- 315 Garnet St Unit F
- 317 Garnet St Unit E
- 315 Garnet St Unit B
- 315 Garnet St Unit H
- 317 Garnet St Unit I
Your Personal Tour Guide
Ask me questions while you tour the home.