227 Avenue F

Redondo Beach, CA 90277 View Map $2,750,000 Ask a Question
Acres0.14
Year1924
227 Avenue F Redondo Beach, CA 90277 | MLS 19460230 Photo 1
227 Avenue F Redondo Beach, CA 90277 | MLS 19460230 Map
Greg Geilman

Greg Geilman

(310) 853-3073
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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:19460230
Date Sold:10/8/2019
Lot Size:0.14 Acres
County:Los Angeles
-Located on the Cusp of the South Bay's Hottest Market - Hollywood Riviera -Offered at $350,000 Per Unit -Walk to Riviera Village! -No Rent Control and Over 23% in Rental Upside -Less Than 2-Blocks from the Pacific Ocean -Old World Charm - Spanish Style Architecture -Unit Mix - (1) Two-Bed/One-Bath Cottage, (1) Two-Bedroom/One-Bath Unit, (4) One-Bed/One-Bath Units, and (2) Studio/One-Bath Units Pro-Forma Cap Rate of 5.47% & Pro-Forma GRM of 13.30

Detailed Maps

Community Information

Address:227 Avenue F Redondo Beach, CA 90277
Area:(157) S Redondo Bch W of PCH
County:Los Angeles
City:Redondo Beach
Zip Code:90277

Architecture

Year Built:1924
Total Units: 8
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,145 actual rent•$2,145 total rent•$2,850 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,675 actual rent•$1,675 total rent•$2,400 pro forma
Unit 3: 4 Units•1 Bed•1 Bath•Unfurnished•$1,894 actual rent•$7,576 total rent•$8,800 pro forma
Unit 4: 2 Units•1 Bath•Unfurnished•$1,425 actual rent•$2,850 total rent•$3,500 pro forma
Parking: Street

Features / Amenities

Cooling Type: See Remarks

Property Features

Lot Size: 0.14 Acres / 6024 Sq. Ft.
Zoning:RBR-1
Directions:West of PCH, South of Avenue E

Tax and Financial Info

Electric Expense: 4256.00
Insurance Expense: 1884.00
Maintenance Expense: 2400.00
Trash Expense: 1292.00
Water / Sewer Expense: 1814.00
Other Expense: 1600.00
Total Expenses: 51011.00
Gross Operating Income: 170940.00

Schools

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Listing Information Last Updated 2/23/2020
Listing provided courtesy of Jonathan Nikfarjam, Shield Cre, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of February 23, 2020. 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. IDX provided by Sierra Interactive.