1716 Camino De La Costa,Redondo Beach, CA 90277
Redondo Beach, CA 90277
Description
LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beach’s bustling Riviera Village shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2-bedroom, 1-bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi-subterranean on-site parking garages, the property’s historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month-to-month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short-term tenancies.
Details
| MLS# | OC25063474 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 35 |
| Listing Provided By | Todd Lesko, Broker 949-636-6179 | Todd Lesko |
Features
| SQ Feet | 6,778 |
|---|---|
| Garage | 8 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.16 |
Market Activity 90277
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Redondo Beach |
| Zip Code | 90277 |
| Area | 157 S Redondo Bch W of PCH |
| Listing VS Median (in 90277) | |
Price: $4,840,000 low | high Med: $1,295,000 SqFt: 6,778 low | high Med: 1,465 $ / SqFt: $714 low | high Med: $894 On site: 35 low | high Med: 62.000000 | |