214 S Broadway
Redondo Beach, CA 90277
- – beds
- – baths
- – sqft
- 7,537 sqft lot
- 1921 build
- – on site
Prime 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.
Listed By CRMLS_CA / Keith Kelley / Palm Realty Boutique / 310-944-5554
Last checked:
Checking…
•
Last updated Sep 27, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# PV24197358 —
The Building
-
Year Built:1921
-
Year Built Source:Assessor
-
New Construction:No
-
Building Area Total:3776.00
-
Building Area Units:Square Feet
-
Total Number Of Units:6
-
# of Buildings:3
-
Stories Total:2
-
Entry Level:1
-
Common Walls:No Common Walls
-
# of Separate Gas Meters:6
-
# of Separate Water Meters:1
-
# of Separate Electric Meters:6
Interior
-
Levels:Two
-
Entry Location:Front and side
-
Laundry:Common Area
-
Laundry:1
Location
-
Directions:PCH to Garnet left on S Broadway
-
Latitude:33.83948600
-
Longitude:-118.38639400
The Property
-
Property Type:Residential Income
-
Subtype:Commercial/Residential
-
Zoning:RBR-3A
-
Lot Features:Level with Street
-
Lot Size Area:7537.0000
-
Lot Size Acres:0.1730
-
Lot Size SqFt:7537.00
-
Lot Size Source:Assessor
-
Additional Parcels:No
-
Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Block:168
-
Tax Census Tract:6213
-
Tax Tract:6213
-
Tax Lot:33
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:7505019020
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
The Community
-
Features:Sidewalks
-
Pool:None
-
Senior Community:No
-
Private Pool:No
Parking
-
Parking Spaces:4.00
-
Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/23/24
Sep 23, 2024
|
Listed / Active | CRMLS_CA | $3,200,000 | 7.8% (3.1% / YR) |
3/11/22
Mar 11, 2022
|
CRMLS_CA | $2,969,675 | 4.2% | |
2/21/22
Feb 21, 2022
|
CRMLS_CA | $2,850,000 |