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$ 4,900,000
Est. payment | /mo
12 Beds
8 Baths
6,628 SqFt
$ 4,900,000
Est. payment | /mo
12 Beds
8 Baths
6,628 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,628 sqft
Price per Sqft $739
MLS Listing ID 26999919
Bedrooms 12
HOA Y/N No
Year Built 1954
Lot Size 8,990 Sqft
Property Description
Rare eight-unit coastal income property in Riviera Village, half a block from the Esplanade and less than 0.1 mile to the sand. Five of the eight units enjoy ocean views. Four 2BD/1BA and four 1BD/1BA units averaging approximately 828 SF, on an approx. 9,000 SF lot with covered parking and on-site laundry. Unit 4, a two-bedroom, will be delivered vacant: renovate it to your own standard and lease at market, or occupy it yourself. Offered at a 4.12% cap rate and 15.67 GRM on current rents (vacant unit at market), with renovated rents supporting a 5.15% cap and 13.34 GRM. Most windows have been replaced, the electrical has been updated and the SB 721 balcony inspection is complete. No local rent control (AB 1482 only), and all tenancies are month-to-month. Steps to Riviera Village dining and shopping.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Zoning RBRMD
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Carport
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7511016004
Special Listing Condition Standard
Listed by Gianluca Jacoli Shield CRE, Inc. #01938297
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