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