Redondo Beach, CA 90278,18216 Kingsdale AVE
Redondo Beach, CA 90278,18216 Kingsdale AVE
Redondo Beach, CA 90278,18216 Kingsdale AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,625,000
Est. payment /mo
15 Beds
18 Baths
9,398 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 9,398 sqft

Price per Sqft $492

MLS Listing ID 25624773

Bedrooms 15

HOA Y/N No

Year Built 1964

Lot Size 0.305 Acres

Property Description

We are pleased to present 18216 Kingsdale Ave, an 18-unit apartment opportunity in the highly desirable coastal community of Redondo Beach P.O. (City of Torrance). This rare offering provides immediate rental upside and long-term appreciation potential in one of the South Bay's most consistently strong rental markets. The property features 18 total units, consisting of 6 studio/one-bath, 9 one-bed/one-bath units, and 3 two-bed/one-bath units. Residents benefit from 18 garages, on-site laundry, and close proximity to major retail, dining, and employment hubs. Extensive capital improvements have recently been completed, including a brand-new roof, new electrical supply conduits, and the replacement of all main electrical supply wires leading to the existing breaker panels. With one unit currently vacant and in-place rents significantly below market across the remaining units, there is substantial potential to increase income through strategic renovations and repositioning. Priced at an attractive $256K per unit and $492 per square foot, the property provides an excellent entry basis for both value-add and long-term investors. Opportunities of this size and location in Redondo Beach are very rare. This asset offers investors the chance to acquire a well-located building with clear upside in one of Southern California's most supply constrained coastal markets.

Location

State CA

County Los Angeles

Area 132 - N Torrance - West

Zoning TORR-MD

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 18.0

Garage Description 18.0

Pool None

Total Parking Spaces 18

Private Pool No

Building

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4083007016

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by John Katnik BRC Advisors- BH

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