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1927 Artesia Boulevard

Redondo Beach, CA 90278
  • $3,875,000
  • STATUS: Active
  • ON SITE: 76 Days
  • ID#: SB21174784
$3,875,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

1927 Artesia Blvd, Redondo Beach, CA, is a well-maintained seven unit mixed-use beach property built in 1962. The building offers nearly 6,000 square feet of living space on a 6,474 square foot lot in a Prime Beach City Location. The unit mix consists of (1) 3 bed/2 bath, (1) 3 bed/1 bath, (4) 2 bed/1 bath, and (1) 850 sq ft commercial space. All units have been upgraded over the past five years. This property features an on-site owned laundry area, 2 garages, 7 covered parking stalls, gated driveway, and easy walking distance to restaurants, shops, and entertainment. 100% occupied with a stable tenant roster, this Redondo Beach property is a top choice for owner-users or yield-focused investors.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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/120214820
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1927 Artesia Boulevard Redondo Beach, CA 90278

  • Price: $3,875,000
  • Status: Active
  • ID#: SB21174784
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1962
Built
Neighborhood:
151 - N Redondo Bch/Villas North
County:
Los Angeles
Area:
151 - N Redondo Bch/Villas North
Property Description
1927 Artesia Blvd, Redondo Beach, CA, is a well-maintained seven unit mixed-use beach property built in 1962. The building offers nearly 6,000 square feet of living space on a 6,474 square foot lot in a Prime Beach City Location. The unit mix consists of (1) 3 bed/2 bath, (1) 3 bed/1 bath, (4) 2 bed/1 bath, and (1) 850 sq ft commercial space. All units have been upgraded over the past five years. This property features an on-site owned laundry area, 2 garages, 7 covered parking stalls, gated driveway, and easy walking distance to restaurants, shops, and entertainment. 100% occupied with a stable tenant roster, this Redondo Beach property is a top choice for owner-users or yield-focused investors.
Exterior Features

Carport Spaces 7 Carport YN Yes Lot Features Street Level Number Of Separate Electric Meters 7 Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.6 Common Interest None Community Features BikingCurbsStreet LightsSidewalksGated Electric Expense 1475 Garage YN Yes Gross Income 900 Gross Scheduled Income 194400 Insurance Expense 2200 Land Lease YN No Laundry Features Common AreaIn Carport Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Maintenance Expense 5000 Net Operating Income 135373 New Construction YN No New Taxes Expense 45600 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 0 Operating Expense 59027 Property Sub Type Apartment Rent Control YN No Security Features Gated Community Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1632 Vacancy Allowance 0 Water Sewer Expense 3120 Water Source Public

Listing provided courtesy of Jim Lisi of One Pacific Properties


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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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