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348 Paseo De La Playa
Redondo Beach, CA 90277
New Price and Financials! · Multifamily Property For Sale
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8 Units
Investment Highlights
- Once in a Lifetime Opportunity - Only 8 apartments (5+ units) lie on Paseo de la Playa in the affluent community of south Redondo Beach.
- Walker’s Paradise - The property is less than a 10 minute walk to the Riviera Village featuring the best restaurants and retail in all of Redondo.
- Oversized Units - The unit sizes average almost 1,000 sq ft and 7 out of the 8 units feature 2 and 3 bedroom units allowing for maximum rent growth.
- A+++ Location - The property is steps from the beach and has unobstructed ocean views from Palos Verdes to Malibu.
- True Turnkey Opportunity - Current ownership has invested over $500,000 in the property renovating most major building systems and all unit interiors.
- Unit Amenities - Most units feature either private balconies or private patios and all units have undergone renovation.
Property Facts
| No. Units | 8 | Building Size | 7,943 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2020 |
| Building Class | C | Parking Ratio | 2.27/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | Torr-Md | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,943 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | Torr-Md |
Amenities
Unit Amenities
- Balcony
- Views
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,870 | - |
| 2+2 | 6 | $3,630 | - |
| 3+3 | 1 | $4,290 | - |
Property Taxes
| Parcel Number | 7511-018-017 | Improvements Assessment | $3,381,300 |
| Land Assessment | $4,681,800 | Total Assessment | $8,063,100 |
Property Taxes
Parcel Number
7511-018-017
Land Assessment
$4,681,800
Improvements Assessment
$3,381,300
Total Assessment
$8,063,100
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