224 S Broadway, Redondo Beach, CA 90277
Property · 2 recorded sales since 2019
Sold July 2021
Listing Agent: Takeshi Kida (DRE #02096893) · Listing Office: Meldia Investment Realty of America · Contact: 424-340-2379 · Bought with: Keiko Yamagishi · Meldia Investment Realty of America · MLS #SB20263623 · Source: CRMLS
About this property
PRICE REDUCED. Fantastic and rare investment opportunity in outstanding A+ South Redondo Beach location - This beautiful property offers 5.3% gross cap while sitting in just 2 blocks from Redondo Beach and Pier. All four cottage-style units are 1 bed with 1 full bath plus living/dining space. Beautifully remodeled inside and out, including new vinyl floors, wood-framed windows, kitchen with new countertops and cabinets, ceilings, bathtubs, vanities, lighting fixtures, and appliances. Each cottage has its own porch and patio with individual laundry space. Detached two-car garage with three-car spaces in the driveway. This property will be eligible for the Mills Act, a historical preservation program, and will benefit from a huge tax reduction. This trophy location and fully occupied units will attract renters and generate stable cash flow with low operating expenses. Don’t miss this opportunity - Bring your offer now while it lasts!! Please note: the historical application has been applied.
Listing description from the July 2021 sale, as reported to CRMLS.
Sale history
