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116 Palos Verdes Blvd

Redondo Beach, CA 90277
  • $3,150,000
  • STATUS: Active
  • ON SITE: 23 days
  • MLS #: 21-734070
UPDATED: 51 min ago
$3,150,000
  • 8
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,648
    SQFT
  • $558
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

Fantastic opportunity to purchase a four-unit apartment in South Redondo Beachs hottest market: The Hollywood Riviera. All units have OCEAN VIEWS, and each unit has a LARGE PRIVATE DECK! Premier location directly across the street from Riviera Village, only a few blocks from the Pacific Ocean. Units are massive with average size of 1,412-SQUARE FEET! Outstanding unit mix of (two) 2-bedroom/1.5-bathroom townhouse-style units & (two) 2-bedroom/2-bathroom units. 5,648-square feet of total living space on a large 7,954-square foot lot. Two units have fireplaces, one unit has an additional den, and building features (four) 1-car garages. The property presents a TREMENDOUS VALUE-ADD COMPONENT with 72% in RENTAL UPSIDE. Property is a residential asset which qualifies for attractive residential financing. The asset contains spacious floor plans on a large lot and is priced at $558 PER SF! Generational asset in an excellent South Redondo Beach location, perfect opportunity for owner-user or long-term investors.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T21:42:55.883. 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.
www.markwiseproperties.com/homes/117384564
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116 Palos Verdes Blvd Redondo Beach, CA 90277

  • Price: $3,150,000
  • Status: Active
  • Updated: 51 min ago
  • MLS #: 21-734070
8
Beds
0
Baths
0
½ Baths
0.18
Acres
5,648
SQFT
$558
$/SQFT
1957
Built
Neighborhood:
Hollywood Riviera
County:
Los Angeles
Area:
Hollywood Riviera
Property Description
Fantastic opportunity to purchase a four-unit apartment in South Redondo Beachs hottest market: The Hollywood Riviera. All units have OCEAN VIEWS, and each unit has a LARGE PRIVATE DECK! Premier location directly across the street from Riviera Village, only a few blocks from the Pacific Ocean. Units are massive with average size of 1,412-SQUARE FEET! Outstanding unit mix of (two) 2-bedroom/1.5-bathroom townhouse-style units & (two) 2-bedroom/2-bathroom units. 5,648-square feet of total living space on a large 7,954-square foot lot. Two units have fireplaces, one unit has an additional den, and building features (four) 1-car garages. The property presents a TREMENDOUS VALUE-ADD COMPONENT with 72% in RENTAL UPSIDE. Property is a residential asset which qualifies for attractive residential financing. The asset contains spacious floor plans on a large lot and is priced at $558 PER SF! Generational asset in an excellent South Redondo Beach location, perfect opportunity for owner-user or long-term investors.
Exterior Features

Cross Streets Palos Verdes Boulevard & Pacific Coast Highway Lot Size Area 7949 Other Structures Other Parking Garage Garage Patio Features Deck(S) Paved YN Yes Total Parking 4 View Description Ocean View YN Yes Water Frontage Ocean

Interior Features

Baths Total 7.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 430054 Gross Income 104400 Gross Operating Income 101268 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 51681.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Tax Total 39375.00 Total Annual Expense 49587 Type Of Units 2+22+1.5 Year Built Source Estimated Zoning Rerr-Md

Listing provided courtesy of Gianluca Jacoli DRE#01938297 of Shield Cre, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T21:42:55.883. 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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Mark Wise | Bennion Deville Homes
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