224 Broadway, Redondo Beach, California 90277

Property Status: Active

$2,350,000
0.17 Acre
Property Description
PRICE REDUCED. Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach location – This beautiful property offers 5.3% gross cap while sitting in just 2 blocks from Redondo Beach and Pier. All four cottage-style units are 1 bed with 1 full bath plus living/dining space. Beautifully remodeled inside and out, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs, vanities, lighting fixtures, and appliances. Each cottage has its own porch and patio with individual laundry space. Detached two-car garage with three-car spaces in the driveway. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge tax reduction. This trophy location and fully occupied units will attract renters and generate stable cash flow with low operating expenses. Don’t miss this opportunity – Bring your offer now while it lasts!! Please note: the historical application has been applied.
Listed by Takeshi Kida - DRE #02090327 - Meldia Investment Realty of America
Features
0.17 Acre
0
7505
89
: 6.00
SBKIDATAK
: 2-5 Units/acre
: Public
: Inside
0
: Public Sewer
0
0
: Sidewalks
: No Common Walls
Address Map
0.17 Acre
0
7505
89
Broadway
224
3668
0
W119° 36' 49.6''
N33° 50' 20.8''
S
MLS Addon
0.17 Acre
0
7505
89
Meldia Investment Realty of America
7,505 Sqft
Kida
RBR-3A
SB1351280
Takeshi
West of PCH & North of Torrance Blvd, Property on the right side of Broadway
7505019041
$0
0
: Standard
2
157 - S Redondo Bch W of PCH
02090327