$7,350,000
SOLD DEC 23, 2024

906 Torrance Blvd Redondo Beach, CA 90277

38 Beds
30 Baths
19,944 Sq Ft
0.47 Acres

Recently Sold

$369 Per Sq Ft

11% Below List Price

5 Days on Market

Highlights

  • 0.47 Acre Lot
  • Midcentury Modern Architecture
  • Ceiling Fan
  • Alta Vista Elementary School Rated A+
  • Resident Manager or Management On Site
  • 3 Car Garage

About This Home

As of December 2024

This 26 Unit Property presents an opportunity to add value to a very desirable asset in a Premium location. The 906 Redondo Apts. is located in one of Southern California's most sought-after areas, Redondo Beach. It's about a mile from Redondo Pier/Fisherman's Wharf, and the Pacific Ocean. This is a mecca for weekend tourists with over 50 options for dining, shopping, and water activities. The charming Flatiron style building built in the 60's, sits on a robust commercial corner, but offers the tenants parking access off a quiet cul-de-sac. The unit mix is ideal with (2) 3 BR's; (7) 2BR's and (17) 1BR's. There are 24 covered parking spaces plus (3) garages. The front entrance features a lush garden with a tropical theme and a stairwell to the secure gate. That entry leads to an open courtyard with a heated pool, and lounge area for tenants. The property has been professionally managed for years and offers immediate and attainable upside of 27%. The city of Redondo Beach is subject only to state rent control (AB1482) and rents can be raised annually by 5% plus CPI.

Last Agent to Sell the Property

Keith Moret

Lyon Stahl Investment Real Estate, Inc. License #01802527 Listed on: 09/08/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392

Last Buyer's Agent

Keith Moret

Keller Williams Beach Cities License #01802527

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.47 Acre Lot
  • North Facing Home
  • Gated Home

Parking

  • 3 Car Garage
  • Assigned Parking

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 19,944 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 38 Bedrooms
  • 30 Bathrooms

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 26 Units
  • Resident Manager or Management On Site

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water
  • Assessor Parcel Number 7506-022-056

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 19944
  • Lot Acreage: 0.4681
  • Probate: No
  • Stories: 1
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 38
  • Total Bathrooms: 30.00
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal
  • Price Per S Q F T: 413.66

Exterior Features

  • Direction Faces: North
  • Other Structures: None

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Assigned, Garage
  • Total Parking: 27

Utilities

  • Heating: Natural Gas
  • Security: Resident Manager, Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 47.60
  • Assessed Improvement Value: 2287373
  • Assessed Land Percent: 52.4
  • Assessed Land Value: 2518497
  • Total Assessed Value: 4805870
  • Assessor Parcel Number: 7506-022-056
  • Lot Size Area: 20390

Rental Info

  • Total Actual Rent: 693984.00
  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.83
  • Number Of Units: 26
  • Type Of Units: Residential

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2024 12/23/24 Sold $7,350,000 -10.9% $369 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
09/08/2024 09/08/24 For Sale $8,250,000 -- $414 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Keith Moret

    Seller's Agent in 2024

    Keith Moret

    Lyon Stahl Investment Real Estate, Inc.

    (310) 617-2240

    1 in this area

    26 Total Sales

    Keith Moret
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Martin Ensbury

    Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • Nancy Pelegrino

    Buyer Co-Listing Agent in 2024

    Nancy Pelegrino

    Pelegrino Properties

    (310) 245-9790

    1 in this area

    14 Total Sales

    Nancy Pelegrino
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-437465

The MLS
California Los Angeles County Redondo Beach 90277

906 Torrance Blvd, Redondo Beach, CA

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes