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214 Broadway, Redondo Beach, CA 90277
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214 Broadway
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More Like This
  • MLS#: PV24197358 ( Commercial/Residential )
  • Street Address: 214 Broadway
  • Viewed: 1
  • Price: $3,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1921
  • Bldg sqft: 0
  • Days On Market: 53
  • Additional Information
  • County: LOS ANGELES
  • City: Redondo Beach
  • Zipcode: 90277
  • Provided by: Palm Realty Boutique
  • Contact: Keith Keith
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Building Area Total
  1. 3776.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 13
Electric Expense
  1. 394.00
Entry Location
  1. Front and side
Fuel Expense
  1. 570.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 1600.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Level with Street
Netoperatingincome
  1. 108901.00
Parcel Number
  1. 7505019020
Pool Features
  1. None
Postalcodeplus4
  1. 3307
Professionalmanagementexpense
  1. 7500.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 423675124:CRM
Taxblock
  1. 168
Totalactualrent
  1. 13145.00
Totalexpenses
  1. 13835.00
Trash Expense
  1. 2414.00
Water Sewer Expense
  1. 1357.00
Water Source
  1. Public
Year Built
  1. 1921
Year Built Source
  1. Assessor
Zoning
  1. RBR-3A