705 S Pacific Coast Hwy Redondo Beach, CA 90277
Active
$2,199,000
5 Units
8 Beds
4 Baths
4,549 Area(sq.ft.)
7,369 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,995 | $ 2,995 | $ 3,350 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,450 | $ 2,450 | $ 3,200 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,400 | $ 2,400 | $ 3,150 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,650 | $ 2,650 | $ 3,150 |
| Unit 5 | 1 | studio | 0 | No | $ 2,638 | $ 2,638 | $ 2,929 |
| 5 | 5 | 8 | 4 | $ 13,133 | $ 13,133 | $ 15,779 |
| MLS #: | 24-468849 |
| Days On Market: | 13 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 483 |
| Price per unit: | $ 439,800 |
| Year Built: | 1925 |
Property Details
Don't miss out on this incredible mixed-use investment opportunity in the heart of South Redondo Beach! This property features a front retail unit with excellent visibility on the major thoroughfare of Pacific Coast Highway, plus four spacious 2-bedroom, 1-bath apartment units in the back. Each apartment comes with its own laundry hook-ups and a 1-car garage with an electric door opener. Enjoy the added convenience of new EV car chargers in all garages and recently replaced roofs for peace of mind. The 2-bedroom house with a private patio is the perfect bonus for extra income or owner-occupancy. Located just 5 blocks from the Pacific Ocean and less than a mile from the vibrant Riviera Village and Redondo Beach Pier, this property offers both a prime location and huge potential. With NO LA City rent control, this is the perfect opportunity to maximize your investment in one of California's most desirable coastal communities!Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 153,915 |
| Total Annual Expense: | $ 43,299 |
| Net Operating Income: | $ 110,648 |
| Gross Annual Income: | $ 158,676 |
| Cap Rate: | 5.03% |
| Gross Rent Multiplier: | 13.95 |
| Actual Gross Rent: | $ 157,596 |
| Actual Gross Income: | $ 158,676 |
| Actual Rent Total: | $ 157,596 |
Structure
| Type of Units: | Retail, 2BD |
| Buildings: | 2 |
| Levels: | One, Two |
Land & Parking
| Zoning: | RBC-2 |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | Other |
| Equipment: | Washer, Gas Dryer Hookup, Gas Or Electric Dryer Hookup |
| Heating: | Other |
| Patio Features: | Patio Open |
Exterior
Detailed Map
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