518 N Francisca Avenue,  Redondo Beach CA, 90277 (Residential Income)

1,840 sqft
Status: Pending
MLS#: SB15134325
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Last Updated: 12/7/2016 3:49 PM
Description for 518 N Francisca Avenue Redondo Beach, CA 90277
Rare opportunity to own a fully leased income property west of PCH at a price within reach. Legal duplex zoned RBR-3A with an additional converted studio unit - all of which are detached. Solid cash flow with upside on rents and also ideal for use as vacation rentals. Perfect buy and hold property with future development opportunities. Walkable to Hermosa Beach, Whole Foods, shopping and restaurants, King Harbor Marina, library, and post office. Front unit is a cape cod style townhouse recently updated with new garage doors/openers and facade, newer carpet, wood laminate flooring, and paint. Features refrigerator, stove, dishwasher, laundry room with washer/dryer hookup, built in storage, and private fenced yard. Middle unit is a 1 bedroom / 1 bathroom beach cottage completely updated inside in 2012. Rear studio / 1 bathroom unit was converted from a two-car garage. Buyer to verify all information.
Price
$1,499,999
Los Angeles
1,840 (approx)
SB15134325
Pending
Description
Rare opportunity to own a fully leased income property west of PCH at a price within reach. Legal duplex zoned RBR-3A with an additional converted studio unit - all of which are detached. Solid cash flow with upside on rents and also ideal for use as vacation rentals. Perfect buy and hold property with future development opportunities. Walkable to Hermosa Beach, Whole Foods, shopping and restaurants, King Harbor Marina, library, and post office. Front unit is a cape cod style townhouse recently updated with new garage doors/openers and facade, newer carpet, wood laminate flooring, and paint. Features refrigerator, stove, dishwasher, laundry room with washer/dryer hookup, built in storage, and private fenced yard. Middle unit is a 1 bedroom / 1 bathroom beach cottage completely updated inside in 2012. Rear studio / 1 bathroom unit was converted from a two-car garage. Buyer to verify all information.
Listing Information
Property Type: Cluster, Other
0.14 Acres 5,975 sq.ft. 1,840 (approx)
1958 Yes- 3 spaces
Public Water Service
Sewer at Street
3 Total
Neighborhood
Room Information
Interior Features
Dryer, Washer
Wall Unit
Exterior / Lot Features
3 Garage Spaces, 6 Parking Spaces
None
No Pool
Sidewalks
Financial Considerations
7503010014
$62,940 Income ,$11,587Expense
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.

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Courtesy: Beach City Brokers John Novak
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