108 N Broadway, Redondo Beach, CA 90277 - Berkshire Hathaway HomeServices California Properties

888.995.7575

108 N Broadway Redondo Beach, CA 90277

$3,950,000 8 beds, 7 baths
4, 352 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

Presenting a historic, turnkey 6-unit apartment community located in the heart of Redondo Beachjust blocks from the ocean and pier. This asset features an attractive mix of one 3-Bed/2-Bath and five 1-Bed/1-Bath apartments. Significant tax savings via an active Mills Act contract (saving ~60% on annual property taxes post-sale) boosts net cash flow. NO LOCAL RENT CONTROL! All 6 units are 100% occupied by qualified, long-term, at-market tenants. The entire property has been professionally designed and upgraded, including electrical (main panel + subpanels), plumbing, designer kitchens & baths, exterior facade, and landscaping. Easy to secure quality insurance based on key upgrades. Massive builder upside: architectural plans for 6 detached ADUs are approved by Planning and currently under Building Department review.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26103119

List price is $3,950,000

Beds: 8

Baths: 7

Built in 1906

4,352 sqft

0.17 acres

Lot size: 0.1747

County: Los Angeles