214 S Broadway, REDONDO BEACH CA, 90277

Active

214 S Broadway

REDONDO BEACH CA, 90277

$3,200,000

$847.46 per sqft

Active

6 Beds

6 Baths

3,776 sqft

Multi-family

Built in 1921

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.

PV24197358MR

MLSⓇ ID

September 23, 2024

Listed

November 22, 2024

Updated

Map

214 S Broadway
REDONDO BEACH CA, 90277

Interior Features

Total Stories: 2
Bedrooms: 6
Total Bathrooms: 6
Laundry Description: Laundry Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres
Sewer: Public Sewer

Other Property Details

Area Name: S. Redondo Beach South of PCH
Days on Market: 8
Garage: Yes
Garage Spaces: 4
Parking Total: 4
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: RBR-3A

Listed by Keith Kelley with Palm Realty Boutique
Listing Contact: 310-707-2124

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Data last updated 11/22/2024