517 N Francisca Avenue, Redondo Beach, CA 90277

About this property

We are pleased to present a unique opportunity to acquire four townhomes, in a trophy location, at a low basis. Priced at a 17GRM, $523/Sq.Ft., and a current 4.21% Cap (Pro forma 5.08% cap), this is available at a cost well below the comps. The subject property consists of one 3 bed/ 2.5 bath, one 2 bed/ 2 bath, & two 2 bed/ 1.5 bath townhome units. Each unit has its own private balcony/patio space, as well as its own private roof top deck. There is ample parking onsite, as well as onsite seller owned laundry for additional income. 517 N Francisca is located steps from the Redondo Beach Pier, the beach, Hollywood Riviera, and the 49 Acre 2,290 unit power plant development. This is one of the lowest GRMs, and lowest price per foot you'll find in such a sought after location & with condo-quality units. Reach out for more information ASAP, as this opportunity will not last long.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$2,755,000

Sold May 2023 · listed $2,790,000, on market January 2023 · MLS #PW23015235 · Source: CRMLS

Listing Agent: Shane Young · Listing Office: Younglewin Advisors, Inc. · Contact: 562-556-1118 · Bought with: Kimiyasu Murayoshi · Andrew C. Lee

$2,300,000

Sold May 2021 · listed $2,099,000, on market May 2021 · MLS #SB21073485 · Source: CRMLS

Listing Agent: Marsha Peters · Listing Office: Vista Sotheby’s International Realty · Contact: 310-546-7611 · Bought with: Daniel Lewin · Dan Lewin, Broker

$1,485,000

Sold August 2012 · listed $1,490,000, on market July 2012 · MLS #S12085364 · Source: CRMLS

Listing Agent: Chuck Wilson · Listing Office: Real Estate of South Bay · Contact: 310-372-8378 · Bought with: Marsha Peters · South Bay Brokers, Inc

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