Redondo Beach, CA 90277,173 Paseo De La Concha
Redondo Beach, CA 90277,173 Paseo De La Concha
Redondo Beach, CA 90277,173 Paseo De La Concha
Redondo Beach, CA 90277,173 Paseo De La Concha
Redondo Beach, CA 90277,173 Paseo De La Concha
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$2,500,000

$2,870,000

12.9%
Est.Price: ?

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Est. payment /mo

3 Beds

2 Baths

8,400 Sqft Lot


SOLD DATE : 12/07/2022

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22207398

Sold Date 12/07/22

Bedrooms 3

HOA Y/N No

Lot Size 8,400 Sqft

Property Description

We're pleased to present to market the trophy asset located at 173 Paseo De La Concha in Redondo Beach, California. This 1953 construction fourplex boasts a stunning location just steps from the beach in an affluent neighborhood at the base of the Palos Verdes Peninsula. With 21 percent upside in current rents and the potential to develop two ADUs (buyer to verify), this is an excellent opportunity to acquire prime investment real estate in a strong coastal market. The property is on a 8,400-square foot lot and consists of a two-story building that contains two one-bed/one-bath and two two-bed/one-bath units, in-unit laundry, a shared backyard, and a rear building with two two-car garages. 173 Paseo De La Concha is located in a sought-after residential area just 500 feet from Torrance County Beach and the start of the Redondo Beach Strand. Additionally, the property is a short half-mile from shopping and dining and Riviera Village.
We're pleased to present to market the trophy asset located at 173 Paseo De La Concha in Redondo Beach, California. This 1953 construction fourplex boasts a stunning location just steps from the beach in an affluent neighborhood at the base of the Palos Verdes Peninsula. With 21 percent upside in current rents and the potential to develop two ADUs (buyer to verify), this is an excellent opportunity to acquire prime investment real estate in a strong coastal market. The property is on a 8,400-square foot lot and consists of a two-story building that contains two one-bed/one-bath and two two-bed/one-bath units, in-unit laundry, a shared backyard, and a rear building with two two-car garages. 173 Paseo De La Concha is located in a sought-after residential area just 500 feet from Torrance County Beach and the start of the Redondo Beach Strand. Additionally, the property is a short half-mile from shopping and dining and Riviera Village.

Location

State CA

County Los Angeles

Area Redondo Beach (90277)

Zoning Assessor

Building

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $59

Acceptable Financing Cash

Space Rent $1,888

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
Bought with Esther Ahdoot • Berkshire Hathaway HomeService
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+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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