Listing Courtesy of: CRMLS / Palos Verdes Office / Keith Kelley - Contact: 310-944-5554

214 S Broadway Redondo Beach, CA 90277

Sold (126 Days)

$2,400,000

3,776

SQFT

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Description

Prime South Redondo Beach Location just blocks from the Redondo Beach Pier and Harbor. This 7,534 sq ft property sits West of Pacific Coast Highway offering 4 - 1 bedroom 1 bathroom units in the front building and 2 - 1 bedroom 1 bathroom free standing cottages. There is tremendous upside potential with rent increases to market rents as well as potential for an ADU. The property also offers 4 single car garages. Owner has completed upgrades including a new roof installation which is in process. Current CAP rate of 3.4% with $157,740 Gross annual income. Huge upside with Pro forma income of $200,520 would bring the CAP rate to 4.7%. Great opportunity to own a prime location building with huge future upside.

MLS #:
PV24197358

Lot Size
7,537 SQFT

Type
Multifamily

Year Built
1921

County
Los Angeles County

Listed By

Keith Kelley, DRE #01810798, Palos Verdes Office, Contact: 310-944-5554

Bought with
Devin Jensen, Jensen Realty

Source
CRMLS
Last checked Jul 5 2025 at 10:07 PM GMT+0000

Bathroom Details

Interior Features

Laundry: Common Area

Lot Information

Street Level

Utility Information

Utilities: Water Source: Public
Sewer: Public Sewer

Stories

Additional Information: Palos Verdes Office | 310-944-5554

Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.