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Key Details
Sold Price $4,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,902 sqft
Price per Sqft $637
MLS Listing ID 23327547
Sold Date 03/15/24
Bedrooms 13
HOA Y/N No
Year Built 1973
Lot Size 10,506 Sqft
Property Description
We are pleased to present 404 N Broadway, a beautifully upgraded 6-unit apartment in South Redondo Beach, CA. This is an opportunity for an investor to purchase a multifamily property in a prime South Bay location, steps from world-class beaches, parks, restaurants, schools, and boutiques. Located 20 miles from Downtown Los Angeles and 7 miles south of LAX. 404 N Broadway offers residents the best of coastal living with big-city amenities and convenient access to the 405 Freeway. Nearby attractions include Redondo Beach Pier, SEA Lab marine conservation center, South Bay Galleria, Redondo Beach Performing Arts Center, and Hopkins Wilderness Park. The property features townhouse style units comprised of (1) three-bedroom/two-and-a-half-bathroom and (5) two-bedroom/one and a half-bathroom with an average unit size of 1,150 SF. Units offer rooftop decks, balconies, patios or all of the above. The property has had 5 out of the 6 units upgraded with modern two-tone cabinetry and Calacatta-quartz countertops, vinyl plank flooring with modern baseboards, new stainless steel appliance packages with Miele washer/dryers, new shaker doors, soaking tubs with custom tiled showers and new plumbing and lighting hardware. This offering is ideal for an investor looking for a safe investment that will produce long-term cash flow with very little maintenance.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Zoning RBR-3A
Interior
Fireplace No
Exterior
Parking Features Door-Multi, Door-Single, Garage
Garage Spaces 11.0
Garage Description 11.0
Porch Rooftop
Attached Garage No
Total Parking Spaces 12
Building
Faces West
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7503016034
Special Listing Condition Standard
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Bought with Tatsuya Nakanishi • Person Realty Inc.