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116 Paseo De La Concha, Redondo Beach, CA 90277

Commercial property · 2 recorded sales since 2018

116 Paseo De La Concha, Redondo Beach, CA 90277 Sold October 2021 CRMLS
$10,200,000Sold October 2021

Listing Agent: Sean Nishio (DRE #01097525) · Listing Office: Project Seven Enterprises · Contact: 310-532-4265 · Bought with: Mason Rowland · Keller Williams Realty Encino-Sherman Oa · MLS #SB20213406 · Source: CRMLS

16,340
Building Sq Ft
20
Units
2.57%
Cap Rate
$295,686
NOI
17,746 sqft
Lot Size
1960
Year Built
TORR-MD
Zoning
Commercial property
Type

About this commercial property

A GREAT MAINTAINED 20 UNITS APARTMENT BUILDING AT THE BEACH. It takes a couple of minutes to get the sand by walk from the building. It is in the center of the Hollywood Riviera area. This apartment building is located between Paseo De La Playa and Calle Miramar at Torrance Beach. Comprised of 8 two bedroom/one bathroom and 12 one bedroom/one bath units. There are 4 units have some ocean view from their balconies. Most of the units (about 90%) have been upgraded; some kitchens have travertine stone, granite counters, upgraded cabinets and microwave hoods above stove, some bathroom have upgraded perfectly and much more. The pool is at the center of the building and the laundry room in the premises. There are 20 parking assigned spaces; 19 tuck-under subterranean and 1 enclosed garage space. Separate electric meters, Landlord pays water, gas & Time Warner Cable.

Listing description from the October 2021 sale, as reported to CRMLS.

Sale history

$10,200,000
Sold October 2021 · listed $10,990,000, orig. $13,500,000, on market October 2020 · MLS #SB20213406 · Source: CRMLS
Listing Agent: Sean Nishio · Listing Office: Project Seven Enterprises · Contact: 310-532-4265 · Bought with: Mason Rowland · Keller Williams Realty Encino-Sherman Oa
$11,750,000
Sold June 2018 · listed $12,900,000, orig. $13,900,000, on market February 2018 · MLS #SB18027425 · Source: CRMLS
Listing Agent: Adolph James · Listing Office: United Realty Group · Contact: 877-393-8648 · Bought with: Sean Nishio · Project Seven Enterprises
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