Pending

906 Torrance Blvd

Redondo Beach CA, 90277

$8,250,000


$413.66 per sqft

Pending

38 Beds

30 Baths

19,944 sqft

Multi-family

Built in 1962

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.

24-437465

MLS ID

September 10, 2024

Listed

October 2, 2024

Updated

Map

906 Torrance Blvd
Redondo Beach CA, 90277

Interior Features

Total Stories

1


Bedrooms

38


Total Bathrooms

30


Appliances

Ceiling Fan, Dishwasher, Garbage Disposal


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.47 Acres


Architectual Style

Mid-Century

Other Property Details

Area Name

S. Redondo Beach South of Torrance Blvd


Days on Market

5


Garage

Yes


Garage Spaces

3


Parking

Assigned, Garage


Parking Total

27


View

No


County

Los Angeles


Pool

No


Zoning

RBC-2

Listing History

Date

Event

Price

9/14/2024

Pending

Listed by Keith Moret with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-617-2240 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Amy Frelinger Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/2024

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