Beds6
Baths4
Sq.Ft.3,312
Year1955
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Status:
Pending
Property Type:Residential Income (Multi-Family)
MLS #:23250817
Sq. Feet:3,312
On Site:13 Days
Lot Size:8,672 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Adam Zunder
Office:Iconic Investments
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.
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Community Information
Address:110 Paseo De La Concha, Redondo Beach, CA 90277
Area:128 - Hollywood Riviera
County:Los Angeles
City:Redondo Beach
Zip Code:90277
Architecture
Bedrooms:
6
Bathrooms:
4
Year Built:1955
Stories:2
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
Property Features
Lot Size:
0.2 Acres / 8,672 Sq. Ft.
Zoning:TORR-MD
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
ASAP
Mon
27
Mar
Tue
28
Mar
Wed
29
Mar
Thu
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Mar
Fri
31
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Sat
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Apr
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Apr
Choose Your Date -- It's Free, Cancel Anytime
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