705 South Pacific Coast Highway

Redondo Beach, CA 90277

$2,199,000
Price
8
Beds
4
Baths
4,549 Sq. Ft.
$483 / Sq. Ft.
4,549
Sq. Ft.
$483
per Sq. Ft.

Description

Don't miss out on this incredible mixed-use investment opportunity in the heart of South Redondo Beach! This property features a front retail unit with excellent visibility on the major thoroughfare of Pacific Coast Highway, plus four spacious 2-bedroom, 1-bath apartment units in the back. Each apartment comes with its own laundry hook-ups and a 1-car garage with an electric door opener. Enjoy the added convenience of new EV car chargers in all garages and recently replaced roofs for peace of mind....Don't miss out on this incredible mixed-use investment opportunity in the heart of South Redondo Beach! This property features a front retail unit with excellent visibility on the major thoroughfare of Pacific Coast Highway, plus four spacious 2-bedroom, 1-bath apartment units in the back. Each apartment comes with its own laundry hook-ups and a 1-car garage with an electric door opener. Enjoy the added convenience of new EV car chargers in all garages and recently replaced roofs for peace of mind. The 2-bedroom house with a private patio is the perfect bonus for extra income or owner-occupancy. Located just 5 blocks from the Pacific Ocean and less than a mile from the vibrant Riviera Village and Redondo Beach Pier, this property offers both a prime location and huge potential. With NO LA City rent control, this is the perfect opportunity to maximize your investment in one of California's most desirable coastal communities!
  1. Listed by Gianluca Jacoli • DRE #01938297 • Brokerage DRE #01856803 • Shield CRE, Inc.
  2. Listed by Nick Peters • DRE #00880972 • Real Brokerage Technologies

Property Details for 705 South Pacific Coast Highway

Zoning
RBC-2
Cross Streets
Pacific Coast Highway & Topaz Street
Parcel Number
7508016019
Total Units
5.0
Living Area
4549
Source Living Area
Estimated
Area
S. Redondo Beach South of PCH
Vacancy Rate
0
LISTING UPDATED: 12/16/2024 10:11 AM

Property Details for 705 South Pacific Coast Highway

StatusActive
MLS #24-468849
Days on Market14
Taxes$25,385 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.17 AC / 7,369 SF
CountyLos Angeles County

Building Information for 705 South Pacific Coast Highway

Stories2Residences-Year Built1925Building Size-Lot Size0.17 AC / 7,369 SF

Property Information for 705 South Pacific Coast Highway

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Retail, 2BD
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $153,915
  • Net Operating Income: $110,648.00
  • Gross Income: $158,676
  • Cap Rate: 5.03%
  • Gross Rent Multiplier: $13.95
  • Actual Annual Gross Rent: $157,596.00
  • Actual Gross Annual Income: $158,676
  • Actual Rent Total: $157,596.00
  • Vacancy Allow Dollar: $4,760.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 43299
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1692
  • Lot Size Square Feet: 7369
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Levels: One, Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Washer, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
  • Laundry: Washer Included
Exterior Features
Exterior Features
  • Patio Features: Patio Open
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 12-03-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $2,995.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $3,150.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $3,150.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $2,638.00
  • Unit Actual Rent: $2,638.00
  • Unit Projected Rent: $2,929.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
  • Number of Electric Meters: 5
  • Number of Gas Meters: 5
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.10%
  • Assessed Improvement Value: $277,066.00
  • Assessed Improvement Percent: 28.66
  • Assessed Land Value: $689,595.00
  • Assessed Land Percent: 71.34
  • Assessed Total Value: $966,661.00

Property History for 705 South Pacific Coast Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 705 South Pacific Coast Highway

Taxable ValueLand$703,386Additions$282,607Total$985,993
Tax Record2024$12,082 ($1,007 / month)
Home Facts
Total Finished SqFt4,549 SqFtAbove Grade Finished SqFt4,549 SqFtStories1Lot Size7,369 SqFtStyleOffice BuildingYear Built1925ZoningRBC-2CountyLOS ANGELESAPN7508-016-019

Schools near 705 South Pacific Coast Highway

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

705 South Pacific Coast Highway is a multi-family home for sale in Redondo Beach, CA 90277. This property was listed for sale on December 3, 2024 by Shield CRE, Inc., it's currently listed at $2,199,000. It has been on the market for a total of 14 days and was last sold on August 23, 2010. 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. 705 South Pacific Coast Highway is a 8-bed, 4-bath, 4,549 sqft multi-family home built in 1925.

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 Shield CRE, Inc., Gianluca Jacoli, DRE #01938297; Real Brokerage Technologies, Nick Peters, DRE #00880972

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.