Pending
906 Torrance Boulevard
Redondo Beach CA, 90277
$8,250,000
$413.66 per sqft
Pending
38 Beds
30 Baths
19,944 sqft
Residential
Built in 1962
Listed by Keith Moret with Lyon Stahl Investment Real Estate, Inc. 310-563-7144
This 26 Unit Property presents an opportunity to add value to a very desirable asset in a Premium location. The 906 Redondo Apts. is located in one of Southern California's most sought-after areas, Redondo Beach. It's about a mile from Redondo Pier/Fisherman's Wharf, and the Pacific Ocean. This is a mecca for weekend tourists with over 50 options for dining, shopping, and water activities. The charming Flatiron style building built in the 60's, sits on a robust commercial corner, but offers the tenants parking access off a quiet cul-de-sac. The unit mix is ideal with (2) 3 BR's; (7) 2BR's and (17) 1BR's. There are 24 covered parking spaces plus (3) garages. The front entrance features a lush garden with a tropical theme and a stairwell to the secure gate. That entry leads to an open courtyard with a heated pool, and lounge area for tenants. The property has been professionally managed for years and offers immediate and attainable upside of 27%. The city of Redondo Beach is subject only to state rent control (AB1482) and rents can be raised annually by 5% plus CPI.
24437465
MLSⓇ ID
September 8, 2024
Listed
October 17, 2024
Updated
Map
906 Torrance Boulevard
Redondo Beach CA, 90277
Interior Features
Total Stories
2
Bedrooms
38
Total Bathrooms
30
Interior Features
Ceiling Fan(s)
Appliances
Dishwasher, Disposal
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.47 Acres
Architectual Style
Mid-Century Modern
Other Property Details
Area Name
156 - S Redondo Bch S of Torrance Bl
Days on Market
5
Garage
Yes
Garage Spaces
3
Parking
Assigned, Garage
Parking Total
27
View
No
County
Los Angeles
Pool
No
Zoning
RBC-2
Listing History
Date | Event | Price |
|---|---|---|
9/14/2024 | Pending | — |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/17/2024 at 1:18 PM UTC