108 N BroadwayRedondo Beach, CA 90277
Los Angeles County
Description
Presenting a historic, turnkey 6-unit apartment community located in the heart of Redondo Beachjust blocks from the ocean and pier. This asset features an attractive mix of one 3-Bed/2-Bath and five 1-Bed/1-Bath apartments. Significant tax savings via an active Mills Act contract (saving ~60% on annual property taxes post-sale) boosts net cash flow. NO LOCAL RENT CONTROL! All 6 units are 100% occupied by qualified, long-term, at-market tenants. The entire property has been professionally designed and upgraded, including electrical (main panel + subpanels), plumbing, designer kitchens & baths, exterior facade, and landscaping. Easy to secure quality insurance based on key upgrades. Massive builder upside: architectural plans for 6 detached ADUs are approved by Planning and currently under Building Department review.
Property Information
- Property type
- Residential Income
- Year built
- 1906
- Stories
- 2
- Living area
- 4,352 Sq Ft
- Lot size
- 0.17 acres
- Parking spaces
- 6
- Days on market
- 10
- MLS® Listing#
- 26103119
Property Features
- Interior
- Ceiling Fan(s)
- Appliances
- Dishwasher · Microwave · Refrigerator · Dryer · Washer
- Flooring
- Laminate · Wood
- Parking
- Assigned
Financial Details
- HOA
- None
- Parcel number
- UNAVAILABLE
Directions
One block east of Catalina, in between Vincent St & Emerald St.
Listing Courtesy: Kape Property Management, Inc. - 3109127808
Presented by: Noam Srolovitz and Benjamin Lester
Licensed in the state of California.
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