$5,650,000
SOLD JUL 2, 2018 RENTED NOV 27, 2024

6028 S Pacific Coast Hwy Redondo Beach, CA 90277

Riviera Neighborhood
10 Beds
8 Baths
9,066 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$623 Per Sq Ft

54% Below List Price

65 Days on Market

About This Home

As of July 2018

ATTRACTIVELY PRICED AT 4.15% CAP AND 16.57 GRM! FULLY LEASED Newly remodeled 9 apartment units (CAN BE SOLD TOGETHER WITH 6028 PACIFIC COAST HIGHWAY TO TOTAL 18 UNITS -NO ONSITE MANAGER REQUIRED) located within walking distance to the restaurants of the Hollywood Riviera and the beach. The building also has direct access to El Retiro Park with tennis courts, jungle gym, basketball court and library. These apartments have a great unit mix of 6 - 2 BED 2 BATH units and 3 - 3 BED 2 BATH units that have all been remodeled! The apartment comes with brand new stainless-steel appliances including: FRIDGE, OVEN/RANGE, MICROWAVE AND DISHWASHER. Each unit also includes a BRAND NEW WASHER AND DRYER! There is one garage parking spot per unit with brand new automatic garage doors. There are also 6 good sized private storage rooms. The interiors include BRAND NEW: Shaker white cabinets in the kitchen and bathrooms, grey quartz counters, tile floors in the bathrooms, stylish wood laminate floors throughout, new tub and wall tile, recessed lighting, new fixtures and SMOOTH CEILINGS throughout! The exterior received a fresh and modern make over with NEW: SMOOTH STUCCO, SIDING, ROOF, COPPER PLUMBING, INTERIOR DRAINS LINES AND SOME MAIN LINES, DOORS & WINDOWS (some newer than others), GARAGE DOORS, BUILT IN BBQ AND PICNIC TABLE AND NEW LANDSCAPING!

Last Agent to Sell the Property

Bryan Bohlinger

Bohlinger Properties, Inc. License #01522061 Listed on: 03/14/2018

Co-Listed By

Raymond Barrette

Barrette Real Estate Investments, Inc. License #01943971

Last Buyer's Agent

Takashi Chaya

Person Realty Inc. License #00967444

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Parking

9

Listing Details

  • CapRate: 4.15
  • Professional Management Expense: 16833.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3300.00
  • Zoning: TORR-MD
  • Property Type: Residential Income
  • Gardener Expense: 870.00
  • Parcel Number: 7514006036
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 623.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Dryer Included, Washer Hookup
  • Pest Control Expense: 294.00
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Land Lease: No
  • Lot Features: Sprinklers Drip System
  • Lot Size Sq Ft: 7514.00

Multi Family

  • Average2 Bed Area: 920 Square Feet
  • Average3 Bed Area: 1120 Square Feet
  • Electric Expense: 1500.00
  • Gross Income: 346920.00
  • Gross Multiplier: 16.57
  • Gross Operating Income: 336656.00
  • Gross Scheduled Income: 346920.00
  • Insurance Expense: 3800.00
  • Maintenance Expense: 4500.00
  • Net Operating Income: 238613.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Number With Dishwasher: 9
  • Number With Disposal: 9
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Operating Expense: 98043.00
  • Other Income1: 4800.00
  • Other Income Description: Storage room rental income
  • Rent Control: No
  • Total Expenses: 98043.00
  • Vacancy Allowance: 10264
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 65502.00
  • Tax Census Tract: 6513.04
  • Tax Lot: 46
  • Tax Tract Number: 10300

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Rented $3,245 0.0% --
10/05/2024 10/05/24 For Rent $3,245 0.0% --
07/02/2018 07/02/18 Sold $5,650,000 -1.7% $623 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
04/17/2018 04/17/18 Price Changed $5,750,000 -53.1% $634 / Sq Ft
03/14/2018 03/14/18 For Sale $12,250,000 -- $1,351 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Hisako Suzuki

    Seller's Agent in 2024

    Hisako Suzuki

    Person Realty Inc.

    (310) 463-7936

    10 Total Sales

    Section Image
  • The Tyndall Team

    Buyer's Agent in 2024

    The Tyndall Team

    RE/MAX

    (310) 809-8221

    37 Total Sales

    Section Image

  • B

    Seller's Agent in 2018

    Bryan Bohlinger

    Bohlinger Properties, Inc.

    (310) 505-6815

    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Raymond Barrette

    Barrette Real Estate Investments, Inc.

    Section Image
  • Takashi Chaya

    Buyer's Agent in 2018

    Takashi Chaya

    Person Realty Inc.

    (310) 381-9918

    7 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18058704

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Redondo Beach 90277 Riviera

6028 S Pacific Coast Hwy, Redondo Beach, CA

This home is located at 6028 S Pacific Coast Hwy, Redondo Beach, CA 90277 and is currently priced at $5,650,000, approximately $623 per square foot. This property was built in 1964. 6028 S Pacific Coast Hwy is a home located in Los Angeles County with nearby schools including Riviera Elementary School, Edward J. Richardson Middle School, and South High School.

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California Regional Multiple Listing Service (CRMLS) 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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