110 Paseo De La ConchaRedondo Beach, CA 90277 View Map $2,250,000 Schedule a Tour
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Property Type:Residential Income (Multi-Family)
On Site:13 Days
Lot Size:8,672 Sq. Ft.
We are pleased to present for sale, 110 Paseo De La Concha, located just steps away from the beach. First time on the market in over 30 years, this value-add property is the quintessential pride of ownership for rentals, or an opportunity for an owner-user looking occupy a unit. The building features four units, two 1 Bedroom/1 Bath and two 2 Bedroom/1 Bath. The square footage of the improvements is +/- 3,612, and the building sits on a large +/- 8,672 square foot lot. Paseo De La Concha sits on the border between Redondo Beach and Torrance southernmost part of Redondo Beach is a block north. While the physical address of the property is Redondo Beach, the property is in the City of Torrance. Tenants of 110 Paseo De La Concha get the benefit of the amenities that both cities offer. The property has been well-maintained, however, current ownership has owned Paseo De La Concha for over three decades and hasn't repositioned or renovated the property to suit the demand for luxury units. New ownership can also explore other income generating options such as vacation rentals or adding ADU units.
$000 Monthly Payment
Loan and interest only.
Address:110 Paseo De La Concha, Redondo Beach, CA 90277
Area:128 - Hollywood Riviera
Building Area: 3312.0
Number of Buildings: 1
Total Units: 4
Stories Total: 2
Unit 1: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,615 actual rent • $1,615 total rent • $2,100 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $2,200 actual rent • $2,200 total rent • $2,750 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,515 actual rent • $1,515 total rent • $2,100 pro forma
Unit 4: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $2,225 actual rent • $2,225 total rent • $2,750 pro forma
Parking Features: Detached Carport
Parking Total: 4.0
Features / Amenities
Appliances: Dishwasher, Disposal, Microwave
Cooling: Wall/Window Unit(s)
Heating: Wall Furnace
Lot Size: 0.2 Acres / 8,672 Sq. Ft.
Directions:Amazing Location Steps from the beach. Located Next to Miramar Park.
Tax and Financial Info
Gross Income: $90,960
Net Operating Income: $63,672
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110 Paseo De La Concha Redondo Beach, CA 90277
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Based on information from California Regional Multiple Listing Service, Inc. as of March 26, 2023. 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.