Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

4,352 sqft

Lot size

7,608 sqft

Year built

1906

Stories

2

Heating

Combination

Status

Active

Days on market

1

MLS #

248819515

About this property

Presenting a historic, turnkey 6-unit apartment community located in the heart of Redondo Beachjust blocks from the ocean and pier. This asset features an attractive mix of one 3-Bed/2-Bath and five 1-Bed/1-Bath apartments. Significant tax savings via an active Mills Act contract (saving ~60% on annual property taxes post-sale) boosts net cash flow. NO LOCAL RENT CONTROL! All 6 units are 100% occupied by qualified, long-term, at-market tenants. The entire property has been professionally designed and upgraded, including electrical (main panel + subpanels), plumbing, designer kitchens & baths, exterior facade, and landscaping. Easy to secure quality insurance based on key upgrades. Massive builder upside: architectural plans for 6 detached ADUs are approved by Planning and currently under Building Department review.

Location

108 N Broadway

Redondo Beach, Los Angeles, CA, 90277