530 S Irena Avenue
Redondo Beach, California CA 90277-3856
Price: $4,150,000
Est. Monthly Payment: $17,822.48 See Details
Listing ID SB17112091 Status Active 5,980 Square Feet 0.170 Acres

Property Description:

This remodeled 8 unit apartment building in South Redondo Beach recently received a fresh and modern make over that includes new: roof, bronze aluminum windows, copper plumbing, Sewer Lines, exterior IPE siding, smooth stucco, modern railings, paint, automatic garage doors (9 PRIVATE GARAGES + 1 Open Guest Spot), front doors and landscaping. The unit mix consists of (2) 2 bedroom 1 bathrooms (One of the 2 bedrooms includes a good sized private yard) and (6) 1 bedroom 1 bathrooms that features new: white shaker cabinets, grey quartz counter tops, white subway tile kitchen backsplashes, interior doors and hardware, stainless steel Samsung appliances (dishwasher, microwave, range and fridge), Washer and Dryer in each unit, smooth ceilings, recessed lighting, modern wood laminate flooring, tub, wall tile, floor tile, paint and fixtures! This remodel work was permitted. This building is located just blocks to the beach and not far from Riviera village! Option to assume current loan ($2,343,000, 5 year fixed, 3.51% interest, 1pt fee). STILL UPSIDE IN RENT!
{"zipcode": "90277", "price": "4150000"}
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Primary

Listing ID: SB17112091
Number Of Units Total: 8
Current Price: 4150000
Gross Multiplier: 18.18
Cap Rate: 3.71
Lot Size Square Feet: 7787.00
Acres: 0.170
Zoning: RBR-1
Year Built: 1961
Price Per Square Foot: 693.98
Gross Scheduled Income: 228300
Rent Control YN: no

Financial

Gross Operating Income: 221451
Gross Income: 19025
Total Actual Rent: 19025
New Taxes Expense: 48501
Insurance Expense: 2402
Licenses Expense: 115
Maintenance Expense: 4000
Operating Expense: 67410.00
Professional Management Expense: 6643.00
Water Sewer Expense: 1740
Trash Expense: 1368
Electric Expense: 720
Total Expenses: 67410
Net Operating Income: 154041
Pest Control Expense: 420
Tenant Pays: Cable TV, Electricity, Gas

Interior

Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
Appliances YN: yes
Common Walls: 2+ Common Walls
Garage Spaces: 9.00
Heating YN: yes

External

Number Of Buildings: 1
Parking Features: Assigned
Parking Total: 10.00
Parking YN: yes
Pool Features: None
Pool Private YN: no
Uncovered Spaces: 1

Location

MLS Area Major: 156 - S Redondo Bch S of Torrance Bl
Postal Code: 90277
Latitude: 33.833957000000
Longitude: -118.380524000000

Additional

Community Features: Curbs, Sidewalks
Heating: Wall Heater
Land Lease YN: no
Laundry YN: yes
Lot Size Source: Assessor
Number Of Separate Electric Meters: 9
Number Of Separate Gas Meters: 9
Number Of Separate Water Meters: 1
Number Of Units Leased: 8
Year Built Source: Assessor
Water Source: Public
Vacancy Allowance Rate: 3.00
Utilities: Sewer Available
Tax Tract Number: 621301
Tax Lot: 14
Senior Community YN: no
Parcel Number: 7507005046
Property Attached YN: yes

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 Bohlinger Properties, Inc.

Contact - Listing ID SB17112091

Allden Investments

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

Data services provided by IDX Broker