173 Paseo De La Concha

Redondo Beach, CA 90277 View Map $3,095,000 Schedule a Tour
Sq.Ft. Lot8,400
Year1953
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(310) 982-2107
 
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:PW22207398
On Site:6 Days
Lot Size:8,400 Sq. Ft.
County:Los Angeles
We're pleased to present to market the trophy asset located at 173 Paseo De La Concha in Redondo Beach, California. This 1953 construction fourplex boasts a stunning location just steps from the beach in an affluent neighborhood at the base of the Palos Verdes Peninsula. With 21 percent upside in current rents and the potential to develop two ADU's (buyer to verify), this is an excellent opportunity to acquire prime investment real estate in a strong coastal market.

The property is on a 8,400-square foot lot and consists of a two-story building that contains two one-bed/one-bath and two two-bed/one-bath units, in-unit laundry, a shared backyard, and a rear building with two two-car garages.

173 Paseo De La Concha is located in a sought-after residential area just 500 feet from Torrance County Beach and the start of the Redondo Beach Strand. Additionally, the property is a short half-mile from shopping and dining and Riviera Village.

Listing Agent/Office

Agent Name:Steven Bogoyevac
Office Name:Steven M. Bogoyevac, Broker

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:173 Paseo De La Concha Redondo Beach, CA 90277
Zip Code:90277

Architecture

Year Built:1953
Building Area: 3014.0
Number of Buildings: 1
Total Units: 4
Unit 1: 2 Units • 1 Bed • 1 Bath • Unfurnished • $1,888 actual rent • $3,775 total rent • $2,200 pro forma
Unit 2: 2 Units • 2 Beds • 1 Bath • Unfurnished • $2,563 actual rent • $5,125 total rent • $3,200 pro forma
Garage Spaces: 4.0
Parking Total: 4.0

Features / Amenities

Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Common Walls: No Common Walls

Property Features

Lot Size: 0.19 Acres / 8,400 Sq. Ft.
Lot Features: Rectangular Lot
Sewer: Public Sewer
Water: Public
Zoning:TORR-MD
Directions:Just off Via Riviera

Tax and Financial Info

Gross Income: $106,800
Gross Scheduled Income: $106,800
Net Operating Income: $59,164
Operating Expense: $44,432
Terms: Cash, CashtoNewLoan
Land Lease: No

Schools

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173 Paseo De La Concha Redondo Beach, CA 90277
GO SEE THIS LISTING
173 Paseo De La Concha Redondo Beach, CA 90277
 
ASAP
Wed
28
Sep
Thu
29
Sep
Fri
30
Sep
Sat
1
Oct
Sun
2
Oct
Mon
3
Oct
Tue
4
Oct
Choose Your Date -- It's Free, Cancel Anytime
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Listing agent / office Steven Bogoyevac, Steven M. Bogoyevac, Broker.
Based on information from California Regional Multiple Listing Service, Inc. as of September 27, 2022. 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.