CA > Redondo Beach
Redondo Beach, CA 90277,906 Torrance Blvd
Redondo Beach, CA 90277,906 Torrance Blvd
Redondo Beach, CA 90277,906 Torrance Blvd
10
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$8,250,000
Est. payment /mo
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38 BD
30 BA
19,944 SqFt
Pending

906 Torrance Blvd Redondo Beach, CA 90277

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Nikki Bonifatto

Nikki Bonifatto

+1(702) 467-7343

UPDATED:

09/14/2024 04:06 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 19,944 sqft

Price per Sqft $413

MLS Listing ID 24-437465

Style Mid-Century

Bedrooms 38

Year Built 1962

Lot Size 0.468 Acres

Acres 0.4681

Property Description

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.

Location

State CA

County Los Angeles

Area S. Redondo Beach South Of Torrance Blvd

Zoning RBC-2

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling None

Equipment Ceiling Fan, Dishwasher, Garbage Disposal

Exterior

Garage Assigned, Garage

Garage Spaces 27.0

Building

Story 1

Architectural Style Mid-Century

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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906 Torrance Blvd