106 Vista Del Mar, Redondo Beach, CA 90277
106 Vista Del Mar, Redondo Beach, CA 90277
106 Vista Del Mar, Redondo Beach, CA 90277
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$4,900,000
Est. payment /mo
12 Beds
8 Baths
6,628 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,628 sqft

Price per Sqft $739

MLS Listing ID 26999919

Bedrooms 12

Year Built 1954

Annual Tax Amount $61,250

Lot Size 8,991 Sqft

Acres 0.2064

Property Sub-Type Multi-Family

Property Description

Rare eight-unit coastal income property in Riviera Village, half a block from the Esplanade and less than 0.1 mile to the sand. Five of the eight units enjoy ocean views. Four 2BD/1BA and four 1BD/1BA units averaging approximately 828 SF, on an approx. 9,000 SF lot with covered parking and on-site laundry. Unit 4, a two-bedroom, will be delivered vacant: renovate it to your own standard and lease at market, or occupy it yourself. Offered at a 4.12% cap rate and 15.67 GRM on current rents (vacant unit at market), with renovated rents supporting a 5.15% cap and 13.34 GRM. Most windows have been replaced, the electrical has been updated and the SB 721 balcony inspection is complete. No local rent control (AB 1482 only), and all tenancies are month-to-month. Steps to Riviera Village dining and shopping.

Location

State CA

County Los Angeles

Area S. Redondo Beach South Of Pch

Zoning RBRMD

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Laundry Room, Laundry Area

Exterior

Parking Features Carport

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Shield CRE, Inc.

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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