622 S Pacific Coast Highway,  Redondo Beach CA, 90277 (Land Lot)

Status: Active
MLS#: 16165724
Skip Slideshow
Last Updated: 12/4/2016 2:10 PM
Description for 622 S Pacific Coast Highway Redondo Beach, CA 90277
Great Redondo Beach multi-family investment. Recently remodeled, well-maintained triplex with ocean views. Value added investment, or live in one unit and rent out the other two. Located just 4 blocks from the beach. Walking distance to local shops and restaurants. Large 7,060 sq.ft. lot. Current $65,140 annual net operating income (100% occupied). 3.62% actual cap rate. Detached garage with one enclosed parking space per unit (or storage use). Additional surface parking (4/1,000 SF ratio). Each unit has its own washer & dryer. Stainless steel kitchen appliances. New modern landscaping. Zoned RBRH-1. Assessor's parcel number 7508-024-011. Asking price: $1,800,000 ($600,000 per unit). Do not disturb tenants.
Price
$1,800,000
Los Angeles
16165724
Active
Description
Great Redondo Beach multi-family investment. Recently remodeled, well-maintained triplex with ocean views. Value added investment, or live in one unit and rent out the other two. Located just 4 blocks from the beach. Walking distance to local shops and restaurants. Large 7,060 sq.ft. lot. Current $65,140 annual net operating income (100% occupied). 3.62% actual cap rate. Detached garage with one enclosed parking space per unit (or storage use). Additional surface parking (4/1,000 SF ratio). Each unit has its own washer & dryer. Stainless steel kitchen appliances. New modern landscaping. Zoned RBRH-1. Assessor's parcel number 7508-024-011. Asking price: $1,800,000 ($600,000 per unit). Do not disturb tenants.
Listing Information
Property Type: Land
0.16 Acres 7,060 sq.ft.
Neighborhood
Room Information
Exterior / Lot Features
RBRH-1
Raw La
Financial Considerations
7508024011
Listing Price History

Redondo Beach Real Estate

Redondo Beach is located in California. Redondo Beach, California 90277 has a population of 66,800.

The median household income in Redondo Beach, California 90277 is $98,816. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Redondo Beach 90277 is 39.9 years.

Loading nearby sales and history ...
Courtesy: Major Properties Bradley Luster
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby