$ 8,250,000
906 Torrance Boulevard Redondo Beach, CA 90277
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$ 8,250,000
Est. payment | /mo
19,944 SqFt
$ 8,250,000
Est. payment | /mo
19,944 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 19,944 sqft
Price per Sqft $413
MLS Listing ID CL24437465
HOA Y/N No
Year Built 1962
Lot Size 0.468 Acres
Acres 0.47
Property Description
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.
Location
State CA
County Los Angeles
Area Listing
Zoning RBC-
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Type Assigned, Other
Building
New Construction No
Others
Tax ID 7506022056
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Keith Moret • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "