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Listed by Jerry Tainter • Palm Realty Boutique, Inc.
$ 4,600,000
Est. payment | /mo
6,856 SqFt
$ 4,600,000
Est. payment | /mo
6,856 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,856 sqft
Price per Sqft $670
MLS Listing ID CRSB25024965
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1969
Lot Size 7,939 Sqft
Property Sub-Type Other
Property Description
Own a piece of the the Hollywood Riviera with this beautiful, well maintained income property. Rare opportunity. Three of the apartments have been re modeled and one is being done now. Located in the highly sought after and vibrant community of Hollywood Riviera, it has a Redondo Beach mailing address and is actually in the city of Torrance. 8 units consist of two 1BR/1BA and six 2BR/2BA. Present CAP is .033%, proforma is 044%. This building is an easy walk to the Hollywood Riviera Village and the beach. Miles of surfing beaches; walking, biking, jogging paths and gorgeous California coastline. Redondo Beach Pier and Marina is a short distance. Located among $million+ homes and condos, fine dining, retail and entertainment. In the Torrance school system, there are several schools nearby. Easy access to 405 & 110 Fwy, LAX and LA Harbor. 11 subterranean parking spaces in the garage with extra storage for each unit, supply storage, a laundry room and a stairway to the courtyard entry. PLEASE DO NOT GO ON THE PROPERTY OR DISTURB OCCUPANTS. These notices are the rules of entry per CA regulations: https://tinyurl.com/VistaSIRRulesofEntry
Location
State CA
County Los Angeles
Interior
Heating Radiant
Cooling None
Fireplace No
Laundry Other
Exterior
View Other
Building
Lot Description Other
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227