For more information regarding the value of a property, please contact us for a free consultation.
116 Palos Verdes BLVD Redondo Beach, CA 90277
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,648 sqft
Price per Sqft $464
MLS Listing ID 21734070
Sold Date 09/07/21
HOA Y/N No
Year Built 1957
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Fantastic opportunity to purchase a four-unit apartment in South Redondo Beachs hottest market: The Hollywood Riviera. All units have OCEAN VIEWS, and each unit has a LARGE PRIVATE DECK! Premier location directly across the street from Riviera Village, only a few blocks from the Pacific Ocean. Units are massive with average size of 1,412-SQUARE FEET! Outstanding unit mix of (two) 2-bedroom/1.5-bathroom townhouse-style units & (two) 2-bedroom/2-bathroom units. 5,648-square feet of total living space on a large 7,954-square foot lot. Two units have fireplaces, one unit has an additional den, and building features (four) 1-car garages. The property presents a TREMENDOUS VALUE-ADD COMPONENT with 72% in RENTAL UPSIDE. Property is a residential asset which qualifies for attractive residential financing. The asset contains spacious floor plans on a large lot and is priced at $558 PER SF! Generational asset in an excellent South Redondo Beach location, perfect opportunity for owner-user or long-term investors.
Location
State CA
County Los Angeles
Area 128 - Hollywood Riviera
Zoning RERR-MD
Interior
Fireplace No
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Waterfront Description Ocean Front
View Y/N Yes
View Ocean
Parking Type Garage
Total Parking Spaces 4
Building
Story 2
Others
Senior Community No
Tax ID 7514001003
Special Listing Condition Standard
Read Less
Bought with Jonathan Nikfarjam • Shield CRE, Inc.