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    116 Palos Verdes Boulevard

    Redondo Beach, CA 90277
    • $3,150,000
    • STATUS: Active Under Contract
    • ON SITE: 77 days
    • ID#: 21734070
    Under Contract
    UPDATED: 124 min ago
    $3,150,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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 California Regional Multiple Listing Service, Inc. as of 2021-08-05T12:25:46.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/117388728
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    116 Palos Verdes Boulevard Redondo Beach, CA 90277

    • Price: $3,150,000
    • Status: Active Under Contract
    • Updated: 124 min ago
    • ID#: 21734070
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1957
    Built
    Neighborhood:
    128 - Hollywood Riviera
    County:
    Los Angeles
    Area:
    128 - 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

    Number Of Separate Electric Meters 4 Parking Features Garage Parking Total 4 View Ocean View YN Yes Waterfront Features Ocean Front

    Property Features

    Additional Parcels YN No Garage YN Yes Gross Income 104400 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 51681 Number Of Separate Gas Meters 4 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Rerr-Md

    Listing provided courtesy of Gianluca Jacoli of Shield Cre, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T12:25:46.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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