858-525-5007

214 Broadway, Redondo Beach CA 90277 | $3,200,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 7537 Lot Sq Ft
  • Type: Commercial/Residential
  • Stories: 2
  • Year Built: 1921
  • MLS#: PV24197358
  • Community: 157 - S Redondo Bch W of PCH

Listing provided courtesy of Keith Kelley of Palm Realty Boutique. Last updated 2024-11-30 09:11:33.000000. Listing information © 2024 SANDICOR.

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.

More Details

0.17 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985