601 Garnet Street

    Redondo Beach, CA 90277
    • $2,700,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: SB20033834
    UPDATED: 43 min ago
    $2,700,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,106
      SQFT
    • $529
      $/SQFT
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    One of a kind registered historic landmark on 8876 sq. ft. corner lot with 180' of street frontage. 4 owners since built. House-like units with 9' to 12' ceilings, front patios with ocean/PV views and rear doors opening to large grass backyards, dining rooms, skylights, laundry rooms, hardwood floors, plaster walls, lots of built-ins and character. Upper owners unit has windows on 3 sides, formal dining + breakfast rooms and 2 decks. Lower owners unit (former grocery) is huge, currently 2 bed 2 baths + den/kids bed with 12' ceilings, could be converted to New York style loft. The three 1 beds could be expanded in back into 2 bed 2 baths. Building is larger than tax records state. Copper plumbing, EQ retrofitted, separate meters. 5 garages, could be rented separately. Long term tenants, huge upside in rents. Wide quiet street 6 blocks to beach. Mills Act landmark status provides apx. 65% reduction in property taxes. Paid $2.6M 3 years ago and put $ into it, losing 100k @ this price. Vintage SFR + 2 condos next door sold for $5,125,000. Current loan $1,773,000 with Malaga. Seller could carry 800K first or second, or take lower value property in trade.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-24T11:27:03.46. 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 Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/103264061

    601 Garnet Street Redondo Beach, CA 90277

    • Price: $2,700,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: SB20033834
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    5,106
    SQFT
    $529
    $/SQFT
    1926
    Built
    Neighborhood:
    155 - S Redondo Bch N of Torrance Bl
    County:
    Los Angeles
    Area:
    155 - S Redondo Bch N of Torrance Bl
    Property Description
    One of a kind registered historic landmark on 8876 sq. ft. corner lot with 180' of street frontage. 4 owners since built. House-like units with 9' to 12' ceilings, front patios with ocean/PV views and rear doors opening to large grass backyards, dining rooms, skylights, laundry rooms, hardwood floors, plaster walls, lots of built-ins and character. Upper owners unit has windows on 3 sides, formal dining + breakfast rooms and 2 decks. Lower owners unit (former grocery) is huge, currently 2 bed 2 baths + den/kids bed with 12' ceilings, could be converted to New York style loft. The three 1 beds could be expanded in back into 2 bed 2 baths. Building is larger than tax records state. Copper plumbing, EQ retrofitted, separate meters. 5 garages, could be rented separately. Long term tenants, huge upside in rents. Wide quiet street 6 blocks to beach. Mills Act landmark status provides apx. 65% reduction in property taxes. Paid $2.6M 3 years ago and put $ into it, losing 100k @ this price. Vintage SFR + 2 condos next door sold for $5,125,000. Current loan $1,773,000 with Malaga. Seller could carry 800K first or second, or take lower value property in trade.
    Exterior Features

    Architectural Style Spanish Construction Materials ConcreteFrameStucco Direction Faces Southwest Entry Level 1 Entry Location South Facing Fence YN Yes Fencing BlockWood Foundation Details Raised Garage Spaces 5.00 Lot Features Back YardCorner LotLandscapedLawnSprinklers In RearYard Lot Size Dimensions 81 X 110 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Composition Spa Features None Spa YN No View City LightsMountain(S)NeighborhoodOcean View YN Yes

    Interior Features

    Appliances None Appliances YN No Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring TileWood Heating Natural Gas Heating YN Yes Interior Features Ceiling Fan(S)Track Lighting Laundry Features Individual RoomSee Remarks Levels Two Room Type All Bedrooms DownKitchenLiving RoomMaster Suite

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Equity 2900000 Gross Income 0.00 Gross Operating Income 147300.00 Gross Scheduled Income 147300.00 Have Srb Classic Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 134423.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 1 Number Wall AC 0 Number With Carpet 5 Number With Dishwasher 0 Number With Drapes 5 Number With Range 5 Number With Refrigerator 0 Operating Expense 12877.00 Present Loans 0 Professional Management Expense 0.00 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 8445.00 Total Expenses 12877.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Walk Score 73 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Rbr-3

    Listing provided courtesy of Leo Nordine of Nordine Realtors, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-24T11:27:03.46. 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 Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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