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    1927 Artesia Boulevard

    Redondo Beach, CA 90278
    • $3,875,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: SB21174784
    UPDATED: 64 min ago
    $3,875,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    1927 Artesia Blvd, Redondo Beach, CA, is a well-maintained seven unit mixed-use beach property built in 1962. The building offers nearly 6,000 square feet of living space on a 6,474 square foot lot in a Prime Beach City Location. The unit mix consists of (1) 3 bed/2 bath, (1) 3 bed/1 bath, (4) 2 bed/1 bath, and (1) 850 sq ft commercial space. All units have been upgraded over the past five years. This property features an on-site owned laundry area, 2 garages, 7 covered parking stalls, gated driveway, and easy walking distance to restaurants, shops, and entertainment. 100% occupied with a stable tenant roster, this Redondo Beach property is a top choice for owner-users or yield-focused investors.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/120214820
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    1927 Artesia Boulevard Redondo Beach, CA 90278

    • Price: $3,875,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: SB21174784
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1962
    Built
    Neighborhood:
    151 - N Redondo Bch/Villas North
    County:
    Los Angeles
    Area:
    151 - N Redondo Bch/Villas North
    Property Description
    1927 Artesia Blvd, Redondo Beach, CA, is a well-maintained seven unit mixed-use beach property built in 1962. The building offers nearly 6,000 square feet of living space on a 6,474 square foot lot in a Prime Beach City Location. The unit mix consists of (1) 3 bed/2 bath, (1) 3 bed/1 bath, (4) 2 bed/1 bath, and (1) 850 sq ft commercial space. All units have been upgraded over the past five years. This property features an on-site owned laundry area, 2 garages, 7 covered parking stalls, gated driveway, and easy walking distance to restaurants, shops, and entertainment. 100% occupied with a stable tenant roster, this Redondo Beach property is a top choice for owner-users or yield-focused investors.
    Exterior Features

    Carport Spaces 7 Carport YN Yes Lot Features Street Level Number Of Separate Electric Meters 7 Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances DryerWasher Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.6 Common Interest None Community Features BikingCurbsStreet LightsSidewalksGated Electric Expense 1475 Garage YN Yes Gross Income 900 Gross Scheduled Income 194400 Insurance Expense 2200 Land Lease YN No Laundry Features Common AreaIn Carport Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Maintenance Expense 5000 Net Operating Income 135373 New Construction YN No New Taxes Expense 45600 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 0 Operating Expense 59027 Property Sub Type Apartment Rent Control YN No Security Features Gated Community Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1632 Vacancy Allowance 0 Water Sewer Expense 3120 Water Source Public

    Listing provided courtesy of Jim Lisi of One Pacific Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505