224 S Broadway, Redondo Beach, 90277

Residential Income For Sale

$1,800,000

Beds
Baths
2,137Sqft
.17Acres
2Garages
1920Built
19DOM
MLS® #: SB19248445
Active Under Contract, 19 Days on Market

Maybe every 5 years this type of property comes up for sale. There is nothing like this for sale in the beach cities right now. Total Vintage Charm. Just 2 blocks from the Redondo Beach Pier sits four, 1920’s individual beach cottages. All four units are 1 bed with 1 full bath, plus dining area, and own laundry off kitchens, Each cottage with their own yard & porch. Two units with clawfoot tubs. Original windows and glass. Perfect for a individual or couple. Standalone 2 car garage with 3 car parking spaces in driveway. Attached to garage are 4 separate storage closets. First time on market in 25 years. This property was originally a 1920's family summer retreat/compound. Additional the property offers a communal hangout to BBQ or just “be.” Note: Photos will be added after 10/25. Per the city, the units may be eligible for the “Mills Act” to have the property taxes lowered by up to 50%. That would involve restoring the units to their original glory. Conversely, it is possible the units can be razed and 3 new attached townhomes can be built. Detailed financials are available including a 20 year cash flow projection. All units will be unoccupied by December 1, 2019. That makes is very easy to do anything you want with the property. The units need a lot of TLC, but this property could be an absolute jewel with the right vision.

Price & Status History

Date Details
Status Changed from Active to Active Under Contract

Essential Information

MLS® #: SB19248445
Price: $1,800,000
Square Footage: 2,137
Acres: 0.17
Year Built: 1920
Type: Residential Income
Style: Cottage
Status: Active Under Contract

Community Information

Address: 224 S Broadway
County: Los Angeles
State: CA
Zip Code: 90277

Amenities

Parking Spaces: 5
# of Garages: 2

Interior

Appliances: Gas Dryer Hookup, Electric Cooking, Water Heater Unit, Electric Dryer Hookup, Gas & Electric Dryer Hookup
Heating: Wall Heater
Cooling: None
# of Stories: 1
Stories: One Level

Exterior

Lot Description: Lot-Level/Flat, Yard, Lot Shape-Rectangular, Value In Land, Lot 6500-9999, Level with Street, Tear Down
Roof: Asphalt

Additional Information

Date Listed: October 23rd, 2019
Days on Market: 19
Zoning: RBR-3A

Listing Details

Listing Agent: Nick Peters(00880972)
Listing Office: Engel & Volkers LA-South Bay

Financials

$/SqFt: $842

Welcome to this 0 bedroom 0 bath Residential Income in the S. Redondo Beach South of PCH (157) section of Redondo Beach located at 224 S Broadway built in 1920. It is 0 square feet and the current asking price is $ 1,800,000.

Based on information from California Regional Multiple Listing Service, Inc. as of November 12th, 2019 at 8:27pm PST. 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.