This 26 Unit Property presents an opportunity to add value to a very desirable asset in a Premium location. The 906 Redondo Apts. is located in one of Southern California's most sought-after areas, Redondo Beach. It's about a mile from Redondo Pier/Fisherman's Wharf, and the Pacific Ocean. This is a mecca for weekend tourists with over 50 options for dining, shopping, and water activities. The charming Flatiron style building built in the 60's, sits on a robust commercial corner, but offers the tenants parking access off a quiet cul-de-sac. The unit mix is ideal with (2) 3 BR's; (7) 2BR's and (17) 1BR's. There are 24 covered parking spaces plus (3) garages. The front entrance features a lush garden with a tropical theme and a stairwell to the secure gate. That entry leads to an open courtyard with a heated pool, and lounge area for tenants. The property has been professionally managed for years and offers immediate and attainable upside of 27%. The city of Redondo Beach is subject only to state rent control (AB1482) and rents can be raised annually by 5% plus CPI.
Additional Features
- Natural Gas
- Two
- Parking spaces: 27.00
- Listing Status: Pending
- Listing Agent: Keith Moret
(lic# 01802527)
of Beverly Hills/Greater LA
- Listing Office: Lyon Stahl Investment Real Estate, Inc.
(lic# 01972083)
- CO-Listing Agent: Martin Ensbury
(lic# 00815392)
of South Bay
- CO-Listing Office: Lyon Stahl Investment Real Estate, Inc.
(lic# 01972083)
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Based on information from CRISNet MLS as of 26th November 2024 at 6:13am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
