1716 Camino De La Costa, Redondo Beach, CA 90277
  • MLS#: OC25063474 ( Commercial/Residential )
  • Street Address: 1716 Camino De La Costa
  • Viewed: 9
  • Price: $4,840,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 33
  • Additional Information
  • County: LOS ANGELES
  • City: Redondo Beach
  • Zipcode: 90277
  • Provided by: Todd Lesko, Broker
  • Contact: Todd Todd
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beachs bustling Riviera Village shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2 bedroom, 1 bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi subterranean on site parking garages, the propertys historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month to month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short term tenancies.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 6778.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 1026.00
Entry Location
  1. ground level
Fuel Expense
  1. 1203.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 3300.00
Insurance Expense
  1. 4009.00
Laundry Features
  1. Common Area
Lockboxtype
  1. None
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 123364.00
Newtaxesexpense
  1. 55620.00
Parcel Number
  1. 7511011021
Pest Control Expense
  1. 1375.00
Pool Features
  1. None
Postalcodeplus4
  1. 5416
Professionalmanagementexpense
  1. 15236.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 434804303:CRM
Totalexpenses
  1. 93948.00
Trash Expense
  1. 2991.00
Water Sewer Expense
  1. 3770.00
Water Source
  1. Public
Year Built
  1. 1958
Year Built Source
  1. Assessor