906 Torrance

Redondo Beach, CA, 90277
Pending $8,250,000
  • 38beds
  • 19,944sqft
  • 0.47acre
Listing agents:
Keith Moret
License #01802527
Lyon Stahl Investment Real Estate, Inc.
Martin Ensbury
License #00815392
Lyon Stahl Investment Real Estate, Inc.
This 26 Unit Property presents an opportunity to add value to a very desirable asset in a Premium location. The 906 Redondo Apts. is located in one of Southern California's most sought-after areas, Redondo Beach. It's about a mile from Redondo Pier/Fisherman's Wharf, and the Pacific Ocean. This is a mecca for weekend tourists with over 50 options for dining, shopping, and water activities. The charming Flatiron style building built in the 60's, sits on a robust commercial corner, but offers the tenants parking access off a quiet cul-de-sac. The unit mix is ideal with (2) 3 BR's; (7) 2BR's and (17) 1BR's. There are 24 covered parking spaces plus (3) garages. The front entrance features a lush garden with a tropical theme and a stairwell to the secure gate. That entry leads to an open courtyard with a heated pool, and lounge area for tenants. The property has been professionally managed for years and offers immediate and attainable upside of 27%. The city of Redondo Beach is subject only to state rent control (AB1482) and rents can be raised annually by 5% plus CPI.

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906 Torrance is a Residential Income property located in Redondo Beach, California, featuring a 0.468 acre lot, 19,944 sqft, 38 bedrooms, MLS #24437465.

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Data last modified: 2024-09-14 04:13:46