214 South Broadway

Redondo Beach, CA 90277

$3,200,000
Price
6
Beds
6
Baths
3,776 Sq. Ft.
$847 / Sq. Ft.
3,776
Sq. Ft.
$847
per Sq. Ft.
a view of a building with brick walls
a view of entryway front of house
a front view of a house with glass windows
a kitchen with a sink stove and cabinets
a kitchen with a stove and cabinets
a bedroom with a bed and a window
a bedroom with a bed and a dresser
a bedroom with a bed and a painting on the wall
a bathroom with a potted plant and a sink
a bathroom with a sink a vanity and a mirror
a view of a workspace with furniture and a window
a living room with furniture and a potted plant
a living room with furniture and a potted plant
a living room with furniture a window and a potted plant
a view of entrance gate of a house
a couple of cars parked in front of house
a front view of a house with white walls
a living room with furniture and a flat screen tv
a room with furniture and a flat screen tv
a living room with furniture and a window
a kitchen with stainless steel appliances granite countertop a sink a stove a refrigerator and cabinets
a room with cabinets
a bathroom with a sink a mirror and a shower curtain
a bedroom with a bed and a window
a bedroom with a bed and a dresser
a car parked in front of a house
a front view of a house with a yard
an aerial view of a house with pool and trees
an aerial view of residential houses with outdoor space
an aerial view of residential house with parking
a view of a building
an aerial view of a houses

Description

Prime South Redondo Beach Location just blocks from the Redondo Beach Pier and Harbor. This 7,534 sq ft property sits West of Pacific Coast Highway offering 4 - 1 bedroom 1 bathroom units in the front building and 2 - 1 bedroom 1 bathroom free standing cottages. There is tremendous upside potential with rent increases to market rents as well as potential for an ADU. The property also offers 4 single car garages. Owner has completed upgrades including a new roof installation which is in process. Current...Prime South Redondo Beach Location just blocks from the Redondo Beach Pier and Harbor. This 7,534 sq ft property sits West of Pacific Coast Highway offering 4 - 1 bedroom 1 bathroom units in the front building and 2 - 1 bedroom 1 bathroom free standing cottages. There is tremendous upside potential with rent increases to market rents as well as potential for an ADU. The property also offers 4 single car garages. Owner has completed upgrades including a new roof installation which is in process. Current CAP rate of 3.4% with $157,740 Gross annual income. Huge upside with Pro forma income of $200,520 would bring the CAP rate to 4.7%. Great opportunity to own a prime location building with huge future upside.

Property Details for 214 South Broadway

Parking Spaces Total
4
Private Pool
No
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3776
Assessor Parcel Number
7505-019-020
Property Attached YN
false
LISTING UPDATED: 09/27/2024 12:47 AM

Property Details for 214 South Broadway

StatusActive
MLS #PV24197358
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1921
Lot Size0.17 AC / 7,537 SF
CountyLos Angeles County

Building Information for 214 South Broadway

Stories2Residences-Year Built1921Building Size-Lot Size0.17 AC / 7,537 SF

Property Information for 214 South Broadway

Income / Expense / Tax Details
Income Details
  • Gross Income: $157,740
  • Gross Scheduled Income: $157,740
  • Net Operating Income: $108,901
Expense Details
  • Operating Expense: $48,839
  • Fuel Expense: $570
  • Electric Expense: $394
  • Insurance Expense: $1,600
  • Professional Management Expense: $7,500
  • Trash Expense: $2,414
  • Water Sewer Expense: $1,357
  • Total Expenses: $13,835
Tax / Assessment Info
  • Tax Block: 168
  • Tax Tract Number: 6213
  • Tax Census Tract: 6213
  • Tax Lot: 33
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Front and side
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,925
  • Unit Type Total Rent: $1,925
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,245
  • Unit Type Total Rent: $2,245
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,875
  • Unit Type Total Rent: $1,875
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2710
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 214 South Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 214 South Broadway

Taxable ValueLand$1,560,600Additions$1,529,388Total$3,089,988
Tax Record2024$35,656 ($2,971 / month)
Home Facts
Total Finished SqFt3,776 SqFtAbove Grade Finished SqFt3,776 SqFtLot Size7,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningRBR-3ACountyLOS ANGELESAPN7505-019-020

Schools near 214 South Broadway

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Alta Vista Elementary School
Public - K to 5
Parras (Nick G.) Middle School
Public - 6 to 8
Redondo Union High School
Public - 9 to 12
Redondo Beach Learning Academy
Public - 9 to 12
Rating
School
Distance
Alta Vista Elementary School
PublicK to 5

Parras (Nick G.) Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

Redondo Beach Learning Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 214 South Broadway, Redondo Beach, CA 90277

214 South Broadway is a mixed use property for sale in Redondo Beach, CA 90277. This property was listed for sale on September 23, 2024 by Palm Realty Boutique, it's currently listed at $3,200,000. It has been on the market for a total of 89 days and was last sold on March 11, 2022. This listing's school district is Redondo Beach Unified School District. Nearby schools include Alta Vista Elementary School, Parras (Nick G.) Middle School and Redondo Union High School. 214 South Broadway is a 6-bed, 6-bath, 3,776 sqft mixed use property built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Palm Realty Boutique, Keith Kelley, DRE #01810798; Palm Realty Boutique, Bill Davis, DRE #01374451

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.