• Active | 224 S Broadway Redondo Beach, CA 90277 0
  • Active | 224 S Broadway Redondo Beach, CA 90277 1
  • Active | 224 S Broadway Redondo Beach, CA 90277 2
  • Active | 224 S Broadway Redondo Beach, CA 90277 3
  • Active | 224 S Broadway Redondo Beach, CA 90277 4
  • Active | 224 S Broadway Redondo Beach, CA 90277 5
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224 S Broadway

Redondo Beach, CA 90277

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  • 0.17 Acres
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$2,450,000

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Patricia Hamada
Real Estate Group
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Description

Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach location - This beautiful property offers 5.0% gross cap while sitting in just 2 blocks from Redondo Beach and Pier. All four cottage-style units are 1 bed with 1 full bath plus living/dining space. Beautifully remodeled inside and out, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, read more bathtubs, vanities, lighting fixtures, and appliances. Each cottage has its own porch and patio with individual laundry space. Detached two-car garage with three-car spaces in the driveway. Buyer can live in one and lease others or lease all 4 out. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge tax reduction. This trophy location and detached units will attract renters and generate stable cash flow with low operating expenses. Don’t miss this opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied and the owner will start a historical construction job after pulling the permit. Also please be advised that the lease contracts for two units have been executed with the pro forma rents.

Key Details

Property Info

  • Acres: 0.1723
  • Cost: $2,450,000
  • Built In: 1920
  • Style: Cottage
  • Garage Spaces: 2.00
  • Property Type: Residential Income
  • County: Los Angeles
  • MLS #: SB20108495

Location

224 S Broadway Redondo Beach, CA 90277
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Agent

Patricia Hamada
Real Estate Group

Mortgage Calculator

Note: The results shown are estimates only and do not necessarily include accurate taxes or homeowner's insurance.
$1,299
Monthly Payment

Listing Providers

This listing is courtesy of the listing agent Kayoko Inoue (#SBINOUKAY), with the office Meldia Investment Realty of America.
Copyright 2020 California Regional Multiple Listing Service (CRMLS). The information is being provided by California Regional Multiple Listing Service. This information is believed to be accurate but is not guaranteed Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of California Regional Multiple Listing Service. Last updated on Jun 30th, 2020.

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Patricia Hamada
Real Estate Group
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Patricia Hamada

Patricia Hamada

Beach City Brokers

Our office is located at 200 South Pacific Coast Highway.
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