$2,500,000
$2,870,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Esther Ahdoot • Berkshire Hathaway HomeService