508 ESPLANADE
Redondo Beach, California CA 90277
Price: $4,600,000
Est. Monthly Payment: $19,755.04 See Details
Listing ID 17229376 Status Active 4,780 Square Feet 0.140 Acres

Property Description:

-Outstanding A+ South Redondo Beach Location on the Renown Esplanade - Steps from the Pacific Ocean -Large 6,351-SF Lot, Prime for Development - 3-Unit Town-Home Site -Legacy Property that has Not Changed Ownership in Decades. Generational Asset that has Commanded Strong Historical Appreciation -Located Next to Redondo Beach Proposed Water Front Project -Consists of (1) 2-Bed/1.75-Bath Owner's Unit, (1)3-Bed/2-Bath Unit, and (4) 1-Bed/1-Bath Units -Large 2-Bedroom/1.75-Bathroom Owner's Unit with Private Deck and Fireplace -Ample Parking with Garage Parking Plus One Tandem Space for Each Unit -Non-Rent Controlled Asset with Over 36% in Immediate Rental Upside
{"zipcode": "90277", "price": "4600000"}
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Primary

Listing ID: 17229376
Number Of Units Total: 6
Current Price: 4600000
Gross Multiplier: 33.76
Cap Rate: 1.35
Stories Total: 2
Lot Size Square Feet: 6410.00
Acres: 0.140
Zoning: RBRMD
Year Built: 1963
Price Per Unit: 766667
Price Per Square Foot: 962.34

Financial

Improvements Amount: 466241
Land Value: 1352122
Gross Operating Income: 133349
Other Income1: 1200
Total Actual Rent: 136236
Insurance Expense: 2008
Maintenance Expense: 2400
Water Sewer Expense: 5220
Trash Expense: 1200
Other Expense: 1800
Total Expenses: 71328
Net Operating Income: 62021
Taxes Percent: 1.25

Interior

Cooling YN: yes
Garage Spaces: 6.00

External

Number Of Buildings: 1
Parking Features: Garage
Parking Total: 6.00
Parking YN: yes

Location

MLS Area Major: 157 - S Redondo Bch W of PCH
Postal Code: 90277
Latitude: 33.834740000000
Longitude: -118.388840000000

Additional

Cooling: See Remarks
Laundry YN: yes
Lot Size Source: Estimated
Number Of Separate Electric Meters: 6
Number Of Separate Gas Meters: 6
Vacancy Allowance Rate: 3.00
Vacancy Allowance: 4087
Parcel Number: 7508005018

Zoning Info


Based on information from California Regional Multiple Listing Service, Inc. as of Sunday, July 23rd, 2017 and /or other sources. 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. Listing courtesy of CBC Advisors.

Contact - Listing ID 17229376

Allden Investments

701 Calle de Arboles
Redondo Beach, CA 90277
Phone: (310) 791-6316
Phone Alt: (310) 766-5742
Fax: (310) 861-0193

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