106 Vista Del Mar, Redondo Beach, CA 90277 - Berkshire Hathaway HomeServices California Properties

888.995.7575

106 Vista Del Mar Redondo Beach, CA 90277

$4,900,000 12 beds, 8 baths
6, 628 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Agent Remarks

Rare eight-unit coastal income property in Riviera Village, half a block from the Esplanade and less than 0.1 mile to the sand. Five of the eight units enjoy ocean views. Four 2BD/1BA and four 1BD/1BA units averaging approximately 828 SF, on an approx. 9,000 SF lot with covered parking and on-site laundry. Unit 4, a two-bedroom, will be delivered vacant: renovate it to your own standard and lease at market, or occupy it yourself. Offered at a 4.12% cap rate and 15.67 GRM on current rents (vacant unit at market), with renovated rents supporting a 5.15% cap and 13.34 GRM. Most windows have been replaced, the electrical has been updated and the SB 721 balcony inspection is complete. No local rent control (AB 1482 only), and all tenancies are month-to-month. Steps to Riviera Village dining and shopping.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26999919

List price is $4,900,000

Beds: 12

Baths: 8

Built in 1954

6,628 sqft

2 stories

0.21 acres

Lot size: 0.2064