108 N Broadway, Redondo Beach, CA 90277
- $3,950,000
- 8
- BD
- 7
- BA
- 4,352
- SqFt
- List Price
- $3,950,000
- MLS#
- 26103119
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 8
- Bathrooms
- 7
- Living Area
- 4,352
Property Description
Presenting a historic, turnkey 6-unit apartment community located in the heart of Redondo Beachjust blocks from the ocean and pier. This asset features an attractive mix of one 3-Bed/2-Bath and five 1-Bed/1-Bath apartments. Significant tax savings via an active Mills Act contract (saving ~60% on annual property taxes post-sale) boosts net cash flow. NO LOCAL RENT CONTROL! All 6 units are 100% occupied by qualified, long-term, at-market tenants. The entire property has been professionally designed and upgraded, including electrical (main panel + subpanels), plumbing, designer kitchens & baths, exterior facade, and landscaping. Easy to secure quality insurance based on key upgrades. Massive builder upside: architectural plans for 6 detached ADUs are approved by Planning and currently under Building Department review.
Additional Information
- Year Built
- 1906
- Garage
- Assigned, Garage Is Detached, Garage - 4+ Car
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Courtesy of Kape Property Management, Inc., Noam Srolovitz.
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