714 Pacific Coast, Redondo Beach, CA 90277

$1,640,000
Sold Price
$1,640,000
List Price
$2,590,000
Closing Date
Jan 20, 2023
MLS#
PW22189758
Status
SOLD
Type
Multifamily

Property Description

This charming 4 plex is located just one block from the beach and just a couple blocks from Redondo's Riviera Village. There are (two), 2-bedrooms, 1 bath, and (two), 1-bedroom 1 bath units. Each unit has been completely upgraded to include all new widows, hardwood flooring, kitchen cabinets, appliances including refrigerators in each unit, and remodeled bathrooms and 3 year old roof. Each unit also comes with its own covered shared garage (carport) and the 2 bedrooms comes with an additional designated (2) parking spots (one covered garage and one uncovered space). The covered garages also have assigned storage for each unit. Three of the units are located downstairs with a 2-bedroom unit located upstairs. Very well-maintained and landscaped grounds with spacious front and side yard. This amazing renovated property is in outstanding condition and is located in one of the most prime locations that Redondo Beach has to offer. The Riviera Village is one of the loveliest shopping and nightlife destinations in Southern California, with numerous shops, boutiques, bars, restaurants, professional offices and a Trader Joe's grocery store. The Village features annual art and fitness festivals, special events, further enhancing the neighborhood' s general appeal. Strong CAP rate, Excellent cash flow and amazing investment opportunity.

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Courtesy of First Team Real Estate, Justin Miller. Selling Office: eXp Realty of Greater Los Angeles, Inc..