526 Avenue A , Redondo Beach, CA - 90277 is For Sale

  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
  • PV24076357
$2,395,000· Income property

Description

Amazing opportunity to own a multi-unit property in South Redondo Beach close to the Riviera Village!  If that's not enough this prime location on Avenue A is nearby to shopping, restaurants and the famous Esplanade on the beach!  The lot currently features a front house with two rented units consisting of a 3 bedroom, 2 bathroom home and an attached studio with kitchenette and its own entrance and a  vacant back house. The front house offers timeless charm with its original hardwood floors, a spacious bay window, and a cozy fireplace.  It has been well maintained with recent updates to the electrical and plumbing systems. The front house also enjoys a large covered deck for sipping your morning coffee. The studio has new floors, a full bath, kitchenette and private entrance.  Now let's move to the back house! The back house, built in 1997, is a 3 bedroom, 2 bathroom home with new carpet, paint and its own yard. One of the many highlights of this beautiful back house is the rooftop deck with an unparalleled panoramic view of the Pacific Ocean, extending from Palos Verdes to Malibu. The property also features a delightful garden with spring flowers blooming, suffusing the space with natural beauty. Both houses enjoy an abundance of natural light creating an inviting atmosphere throughout. Practical amenities include a spacious two-car garage and two extra covered off-street parking spots, ensuring convenience for residents and guests alike. With the potential for rental income from both houses, this property represents an investor's dream in one of the most sought-after neighborhoods in the South Bay. Don't miss out on this remarkable opportunity to own a piece of coastal paradise!

Features

MLS#: PV24076357
List Price : $2,395,000
Total Units : 3
CAP rate : $4.23
Net Operating Income : $34,928
Sq M : 565 M2
Year Built : 1939
Days on market : 15 Days
Gross taxes : N/A
Address : 526 Avenue A
City : Redondo Beach
State : CA
Zip Code : 90277
Neighborhood : N/A
Appliances : Dishwasher, Gas Range
Fireplace Features : Living Room, Primary Bedroom
Stories : 3
Laundry : Community, Individual Room, Inside, Washer Hookup
Sale Type : Standard
View : Mountain(s), Neighborhood, Ocean
 
Property Type : Residential Income
Original List Price : $2,395,000
Acres : 0.1397
Lot Size (Acres) : 0.1397
Exterior Features : Balcony, Awning(s)
Heating : Central
Water : Public
Sewer : Public Sewer
Pool Desc : None
Interior Features : Built-in Features, Ceiling Fan(s), Living Room Balcony
Cooling : None
Flooring : Carpet, Laminate, Wood
Rooms : Entry, Family Room, Galley Kitchen, Kitchen, Laundry, Living Room
Driving Directions : Cross Street: PCH and Avenue A
Lot Features : 0-1 Unit/Acre, Front Yard, Garden, Lawn
 
Courtesy of : Jessiqa Pace , Compass

Location

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