Log In/Sign Up
108 N Broadway
Redondo Beach, CA 90277
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Prime South Redondo Beach Location: Situated west of Pacific Coast Highway (PCH). Attractive Price Per Unit: Offered at only $382,500 per unit.
- Competitive Price Per Square Foot: Priced at $527 per square foot. Strong Upside Potential: Pro-forma cap rate projected at 6.03%.
- Diverse Unit Mix: Includes (1) 3-bedroom/1.5-bathroom unit, (1) 1-bedroom/1-bathroom unit, and (4) studio units.
- Solid Current Returns: Features a 5.02% current capitalization rate (cap rate). Favorable Gross Rent Multiplier: Currently at 13.96 GRM.
- Immediate Value-Add Opportunity: Three (3) units to be delivered vacant. Substantial Lot Size: Property sits on a 7,608-square-foot lot.
- Coastal Proximity: Just a few blocks from the Redondo Beach Pier, King Harbor, and the Pacific Ocean.
Property Facts
| No. Units | 6 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 5,296 SF |
| Property Subtype | Apartment | Average Occupancy | 50% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1906 |
| Zoning | RBR-3A - Low density multi family residential | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,296 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1906 |
| Zoning | RBR-3A - Low density multi family residential |
Amenities
Unit Amenities
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | $3,650 | - |
| 1+1 | 1 | $2,750 | - |
| Studios | 2 | $2,150 | - |
| Studios | 2 | $1,500 | - |
Property Taxes
| Parcel Number | 7505-007-021 | Improvements Assessment | $153,320 |
| Land Assessment | $576,037 | Total Assessment | $729,357 |
Property Taxes
Parcel Number
7505-007-021
Land Assessment
$576,037
Improvements Assessment
$153,320
Total Assessment
$729,357
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
