1721 Camino De La Costa,  Redondo Beach CA, 90277 (Residential Income)

8,512 sqft
Status: Sold
MLS#: SB15136548
Skip Slideshow
Last Updated: 12/8/2016 6:17 PM
Description for 1721 Camino De La Costa Redondo Beach, CA 90277
This is your opportunity to purchase a true legacy South Redondo Beach investment real estate property. The property is terrifically located just one block from the beach and just one block from Redondo’s Riviera Village. The village is one of the loveliest shopping and nightlife destinations in Southern California, with well more than 100 shops, boutiques, bars, restaurants, professional offices and a Trader Joe’s grocery store. The building features: A very attractive unit mix of six - two bedroom, one bathroom units and four - one bedroom, one bathroom units; tremendous upside in the in-place rents (25-50%+); an attractive open layout; on-site parking (10 spots) for each unit; copper plumbing throughout; gas wall heaters – all new; individual units each have their own water heater; large linen and wardrobe closets in every unit; individual metering of both gas and electric utilities; two of the units have patios. These types of investments in this location rarely come available for purchase. The location is incomparable, has tremendous upside either from in-place operations or complete redevelopment, and there are very few investment alternatives available in the marketplace with this type of charm and potential cash flow upside.
Price
Sold Price:
$4,450,000
Sold Date:08/03/2015
Los Angeles
8,512 (approx)
SB15136548
Closed
Description
This is your opportunity to purchase a true legacy South Redondo Beach investment real estate property. The property is terrifically located just one block from the beach and just one block from Redondo’s Riviera Village. The village is one of the loveliest shopping and nightlife destinations in Southern California, with well more than 100 shops, boutiques, bars, restaurants, professional offices and a Trader Joe’s grocery store. The building features: A very attractive unit mix of six - two bedroom, one bathroom units and four - one bedroom, one bathroom units; tremendous upside in the in-place rents (25-50%+); an attractive open layout; on-site parking (10 spots) for each unit; copper plumbing throughout; gas wall heaters – all new; individual units each have their own water heater; large linen and wardrobe closets in every unit; individual metering of both gas and electric utilities; two of the units have patios. These types of investments in this location rarely come available for purchase. The location is incomparable, has tremendous upside either from in-place operations or complete redevelopment, and there are very few investment alternatives available in the marketplace with this type of charm and potential cash flow upside.
Listing Information
Property Type: Cluster, Other
0.24 Acres 10,435 sq.ft. 8,512 (approx)
$522.79 1955
Public Water Service
Sewer at Street
10 Total
Neighborhood
Room Information
Exterior / Lot Features
10 Parking Spaces
None
No Pool
Urban
Financial Considerations
7511010010
$179,820 Income ,$85,663Expense
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: Keller Williams Beach Cities Josh Cohen
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