6164 Pacific Coast hwy, Redondo Beach, CA 90277
Active
$4,600,000
8 Units
14 Beds
14 Baths
6,856 Area(sq.ft.)
Lot: 7,939 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 14 | 14 | No | $ 19,176 | $ 19,176 | $ 22,500 |
| 8 | 112 | 112 | $ 153,408 | $ 153,408 | $ 180,000 |
| MLS #: | SB25024965MR |
| Days On Market: | 38 |
| Listing Date: | March 18, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 671 |
| Price per unit: | $ 575,000 |
| Year Built: | 1969 |
Property Details
Own a piece of the the Hollywood Riviera with this beautiful, well maintained income property. Rare opportunity. Three of the apartments have been re modeled and one is being done now. Located in the highly sought after and vibrant community of Hollywood Riviera, it has a Redondo Beach mailing address and is actually in the city of Torrance. 8 units consist of two 1BR/1BA and six 2BR/2BA. Present CAP is .033%, proforma is 044%. This building is an easy walk to the Hollywood Riviera Village and the beach. Miles of surfing beaches; walking, biking, jogging paths and gorgeous California coastline. Redondo Beach Pier and Marina is a short distance. Located among $million+ homes and condos, fine dining, retail and entertainment. In the Torrance school system, there are several schools nearby. Easy access to 405 & 110 Fwy, LAX and LA Harbor. 11 subterranean parking spaces in the garage with extra storage for each unit, supply storage, a laundry room and a stairway to the courtyard entry. PLEASE DO NOT GO ON THE PROPERTY OR DISTURB OCCUPANTS. These notices are the rules of entry per CA regulations: https://tinyurl.com/VistaSIRRulesofEntryInterested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 70,000 |
| Net Operating Income: | $ 154,098 |
| Cap Rate: | 28% |
| Actual Gross Rent: | $ 19,176 |
Structure
| Community Features: | Biking |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | TORR-MD |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Direct Entrance |
| Total Parking: | 11 |
Interior
| AC/Cooling: | None |
| Heating: | Radiant |
| Laundry: | Laundry Area |
| Laundry Equipment: | Lease |
| Laundry Income: | 1180.00 |
Exterior
| Pool: | No |
Detailed Map
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