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$ 1,625,000
Est. payment | /mo
6 Beds
5 Baths
2,234 SqFt
$ 1,625,000
Est. payment | /mo
6 Beds
5 Baths
2,234 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,234 sqft
Price per Sqft $727
MLS Listing ID 25580203
Bedrooms 6
HOA Y/N No
Year Built 1924
Lot Size 5,989 Sqft
Property Description
Welcome to an unparalleled opportunity in South Redondo Beach, where coastal living meets smart investment! Just four blocks from the sandy shores, this exceptional stand-alone house with three additional units in the back is the ultimate owner-user or passive income property, blending the charm of beachside life with robust financial potential. With one unit delivered vacant, you can settle into the spacious 3-bedroom, 2.75-bathroom house featuring a private front yard - your perfect coastal retreat -while the other units, including a 2-bedroom/1-bathroom, a non-conforming 1-bedroom/1-bathroom (with potential for a future ADU buildout), and a studio/1-bathroom with a private backyard, generate strong rental income. Boasting a 5.00% current cap rate and 14.29 GRM, with a pro-forma cap rate of 6.29% for future growth, this cash-flowing gem operates under the favorable AB 1482 rent control, avoiding restrictive LA regulations for flexibility and long-term stability. Nestled on a large lot, the property offers ample outdoor space for parking, storage, and common areas, ideal for relaxing, hosting BBQs, or exploring enhancements to boost value. Located in a premier South Redondo Beach neighborhood, you're just a short stroll from the iconic Redondo Beach Pier, vibrant King Harbor, and serene Torrance Beach, where morning coastal walks and sunset dinners become your everyday reality. Qualifying for residential financing, this property is accessible for owner-users eager to plant roots in one of Southern California's most coveted coastal communities. Whether you're an owner-user dreaming of a beachside lifestyle or a passive investor seeking steady returns, this generational asset delivers unmatched value-add potential. The expansive lot and versatile unit mix provide opportunities for future growth, such as enhancing outdoor spaces or capitalizing on the non-conforming unit's ADU potential, ensuring this property remains a wealth-building cornerstone for years to come. Imagine sipping coffee in your private front yard, hearing the distant waves, while your investment works for you with immediate returns and long-term appreciation. South Redondo Beach's laid-back vibe, coupled with its proximity to dining, entertainment, and outdoor adventures, makes this location a true coastal paradise. Don't miss your chance to own a piece of this sought-after community, where lifestyle and income converge seamlessly. Contact Luca today to schedule a tour and discover how this property can transform your vision of coastal living into reality while building wealth for generations. Act now - this rare blend of prime location, strong income, and future potential won't last long in South Redondo Beach's competitive market!
Location
State CA
County Los Angeles
Area 155 - S Redondo Bch N Of Torrance Bl
Zoning RBR-3
Interior
Fireplace No
Appliance Washer
Laundry Outside
Exterior
Parking Features Driveway, Uncovered
Total Parking Spaces 1
Building
Story 2
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 7505020008
Special Listing Condition Standard
Listed by Gianluca Jacoli Shield CRE, Inc.