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    116 Paseo De La Concha

    Redondo Beach, CA 90277
    • $10,990,000
    • STATUS: Pending
    • ON SITE: 296 days
    • ID#: SB20213406
    Pending
    UPDATED: 6 min ago
    $10,990,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,340
      SQFT
    • $673
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    Description

    A GREAT MAINTAINED 20 UNITS APARTMENT BUILDING AT THE BEACH. It takes a couple of minutes to get the sand by walk from the building. It is in the center of the Hollywood Riviera area. This apartment building is located between Paseo De La Playa and Calle Miramar at Torrance Beach. Comprised of 8 two bedroom/one bathroom and 12 one bedroom/one bath units. There are 4 units have some ocean view from their balconies. Most of the units (about 90%) have been upgraded; some kitchens have travertine stone, granite counters, upgraded cabinets and microwave hoods above stove, some bathroom have upgraded perfectly and much more. The pool is at the center of the building and the laundry room in the premises. There are 20 parking assigned spaces; 19 tuck-under subterranean and 1 enclosed garage space. Separate electric meters, Landlord pays water, gas & Time Warner Cable.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/110905916
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    116 Paseo De La Concha Redondo Beach, CA 90277

    • Price: $10,990,000
    • Status: Pending
    • Updated: 6 min ago
    • ID#: SB20213406
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    16,340
    SQFT
    $673
    $/SQFT
    1960
    Built
    Neighborhood:
    128 - Hollywood Riviera
    County:
    Los Angeles
    Area:
    128 - Hollywood Riviera
    Property Description
    A GREAT MAINTAINED 20 UNITS APARTMENT BUILDING AT THE BEACH. It takes a couple of minutes to get the sand by walk from the building. It is in the center of the Hollywood Riviera area. This apartment building is located between Paseo De La Playa and Calle Miramar at Torrance Beach. Comprised of 8 two bedroom/one bathroom and 12 one bedroom/one bath units. There are 4 units have some ocean view from their balconies. Most of the units (about 90%) have been upgraded; some kitchens have travertine stone, granite counters, upgraded cabinets and microwave hoods above stove, some bathroom have upgraded perfectly and much more. The pool is at the center of the building and the laundry room in the premises. There are 20 parking assigned spaces; 19 tuck-under subterranean and 1 enclosed garage space. Separate electric meters, Landlord pays water, gas & Time Warner Cable.
    Exterior Features

    Carport Spaces 20 Carport YN Yes Construction Materials DrywallStucco Fencing Block Lot Features Sprinklers In FrontLandscapedPaved Parking Total 20 Sign On Property YN No

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Additional Parcels YN No Building Name Tradewinds Apartment Cap Rate 2.57 Common Interest Community Apartment Contingency Loan Contingency in 45 Days. Current Financing Conventional Electric Expense 2761 Gross Scheduled Income 542400 Insurance Expense 7405 Land Lease YN No Laundry Features Common AreaLaundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 12000 Net Operating Income 295686 Number Of Units Leased 20 Operating Expense 249114 Other Expense 6433 Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Supplies Expense 11036 Tax Annual Amount 135483 Tax Year 2019 Trash Expense 9164 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 5523 Water Source Public Zoning Torr-Md

    Listing provided courtesy of Sean Nishio of Project Seven Enterprises


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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