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213 S Francisca Ave
Redondo Beach, CA 90277
Multifamily Property For Sale
·
4 Units
Investment Highlights
- One unit delivered vacant, offering an ideal owner-user opportunity. | Premier South Redondo Beach Location: Situated just 4 blocks from the Sand.
- Large lot which includes storage, parking, and common areas for enjoying the outdoors. | No LA rent control, defaults to AB 1482.
- Just a few blocks from the Redondo Beach Pier, Torrance Beach, and King Harbor. | Qualifies for residential financing!
- Unit Mix of (1) 2-bed/1.75-bath House with front yard, (1) 2-bed/1-bath, (1) non-conforming 1-bed/1-bath & (1) studio/1-bath with back yard.
- 4.89% current cap rate & 14.53 GRM. | Pro-forma cap rate of 6.29%.
- Considered a generational asset with strong value-add potential.
Property Facts
| No. Units | 4 | Building Size | 5,049 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1924 |
| Lot Size | 0.14 AC | Parking Ratio | 0.75/1,000 SF |
| Zoning | RBR-3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,049 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | RBR-3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Storage Space
- Security System
- Kitchen
- Range
- Walk-In Closets
- Double Pane Windows
- Freezer
- Island Kitchen
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,825 | - |
| 2+1 | 1 | $2,348 | - |
| 1+1 | 1 | $2,150 | - |
| Studios | 1 | $2,000 | - |
Property Taxes
| Parcel Number | 7505-020-008 | Improvements Assessment | $139,194 |
| Land Assessment | $361,124 | Total Assessment | $500,318 |
Property Taxes
Parcel Number
7505-020-008
Land Assessment
$361,124
Improvements Assessment
$139,194
Total Assessment
$500,318
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