116 Paseo De La Concha, Redondo Beach, CA 90277

$12,500,000
List Price
$12,500,000
Status
ACTIVE
MLS#
SB20213406
Year Built
1960
Lot Size
17,746
Acres
0.41
Lot Location
Sprinklers In Front, Landscaped, Paved
Days on Market
336
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

A GREAT MAINTAINED 20 UNITS APARTMENT BUILDING AT THE BEACH. It takes a couple of minutes to get the sand by walk from the building. It is in the center of the Hollywood Riviera area. This apartment building is located between Paseo De La Playa and Calle Miramar at Torrance Beach. Comprised of 8 two bedroom/one bathroom and 12 one bedroom/one bath units. There are 4 units have some ocean view from their balconies. Most of the units (about 90%) have been upgraded; some kitchens have travertine stone, granite counters, upgraded cabinets and microwave hoods above stove, some bathroom have upgraded perfectly and much more. The pool is at the center of the building and the laundry room in the premises. There are 20 parking assigned spaces; 19 tuck-under subterranean and 1 enclosed garage space. Separate electric meters, Landlord pays water, gas & Time Warner Cable.

Additional Information

Taxes
$135,483
Cooling Description
None
Exterior Construction
Drywall, Stucco
Water
Public
Number Of Units Total
20
Gross Scheduled Income
$542,400
Operating Expense
249114

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Sean Nishio from Project Seven Enterprises

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.