116 Palos Verdes Blvd

Redondo Beach, CA, 90277

$3,150,000

$557 per ft²
$3,150,000
$557 per ft²
Active
Active
 - For Sale
beds
8 Beds
baths
7 Baths
carpenters-square
5,648 ft²
property_type
Multi-family
calendar
Built 1957
Fantastic opportunity to purchase a four-unit apartment in South Redondo Beachs hottest market: The Hollywood Riviera. All units have OCEAN VIEWS, and each unit has a LARGE PRIVATE DECK! Premier location directly across the street from Riviera Village, only a few blocks from the Pacific Ocean. Units are massive with average size of 1,412-SQUARE FEET! Outstanding unit mix of (two) 2-bedroom/1.5-bathroom townhouse-style units & (two) 2-bedroom/2-bathroom units. 5,648-square feet of total living space on a large 7,954-square foot lot. Two units have fireplaces, one unit has an additional den, and building features (four) 1-car garages. The property presents a TREMENDOUS VALUE-ADD COMPONENT with 72% in RENTAL UPSIDE. Property is a residential asset which qualifies for attractive residential financing. The asset contains spacious floor plans on a large lot and is priced at $558 PER SF! Generational asset in an excellent South Redondo Beach location, perfect opportunity for owner-user or long-term investors.
MLS ID:
21-734070
Listed:
5/18/21
Updated:
6/14/21

Interior Features

Kitchen Appliances
Other
Total Bedrooms
8
Total Bathrooms
7
Cooling
Other

Exterior/Building Features

Lot Size
7,949 ft² lot

Other Property Details

Attached Garage
Yes
Garage Spaces
4
Parking
Garage
Parking Total
4.0
County
Los Angeles
Total Stories
2
Zoning
RERR-MD

 

Courtesy of Gianluca Jacoli, Shield CRE, Inc.

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Kris Zacuto shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2021 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/14/21

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