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116 Paseo de la Concha, Redondo Beach, CA 90277

Property Details

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116 Paseo de la Concha
Redondo Beach, CA 90277

For Sale: $13,900,000

Property Type: Commercial Apartments
MLS#: SB18027425

  • Building Size: 16340 SF
  • Lot Size: 17746 SF
  • Number of Units: 20
  • Year Built: 1960
  • Days on market: 254
  • Cap Rate: 1.06
  • Net Operating Income: $146,847
  • Rent Control: No
  • GRM: 29.90
  • Contact Listing Agent Direct:
  • Adolph James, United Realty Group

Property Description

20 UNIT APARTMENT BUILDING AT THE BEACH! This highly sought after 16,340 sq.ft. Hollywood Riviera apartment building is located between Paseo de la Playa and Calle Miramar at Torrance Beach. Comprised of 12 one bedroom/one bath units and 8 two bedroom/one bath units. VIEWS: 4 units have views; 2 units have balcony views; 2 units have partial balcony views. Most units (60-65%) have been upgraded: some kitchens have travertine stone, granite counters, upgraded cabinets and microwave hoods above stove; some bathrooms have upgraded countertops. Cool roof installed in 2013. Pool and laundry on premises. Separate electric meters. Twenty assigned parking spaces: 19 tuck-under subterranean spaces and 1 enclosed garage space. Landlord pays water, gas & Time Warner Cable TV. Tenant pays electric, internet & phone.

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116 Paseo de la Concha, Redondo Beach, CA 90277

Based on information from California Regional Multiple Listing Service, Inc. as of March 27, 2018. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Adolph James, United Realty Group

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