MidCenturyModern
906 Torrance Boulevard
Redondo Beach , CA 90277
MLS#: 24437465
$8,250,000
Property
Beds
38
Full Baths
None
1/2 Baths
None
Year Built
1962
Sq.Footage
19,944
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.
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s)
-
Total Bedrooms
38
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
3
-
Parking
Assigned, Garage
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.4681
-
Property Type
Residential Income
-
Architectural Style
MidCenturyModern
Price
-
Sales Price
$8,250,000
-
Sq. Footage
19, 944
-
Price/SqFt
$413
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Keith Moret , Lyon Stahl Investment Real Estate, Inc.
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