Homes for sale - 1716 Camino De La Costa, Redondo Beach, CA 90277

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$4,840,000

Est. payment - /mo

6,764 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25063474

HOA Y/N No

Year Built 1958

Lot Size 6,764 Sqft

Property Sub-Type Mixed Use

Property Description

LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beach's bustling “Riviera Village” shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2-bedroom, 1-bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi-subterranean on-site parking garages, the property's historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month-to-month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short-term tenancies.

Location

State CA

County Los Angeles

Area 157 - S Redondo Bch W Of Pch

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7511011021

Energy Description 1203.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard, Trust

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Listed by Todd Lesko • Todd Lesko, Broker • t.lesko@cox.net

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