4118 Redondo Beach Blvd - Apartments FOR SALE


Torrance, CA 90504
$1,299,000 USD
323-825-5484
4118 Redondo Beach Blvd, Torrance, CA for Sale
$1,299,000 USD
Apartments - FOR SALE
1/27
null | 4.55% Cap Rate

4118 Redondo Beach Blvd
Torrance, CA 90504


HIGHLIGHTS

  • 3 - 2bed/1bath units
  • washer/dryer hookups in units
  • Private patios for downstairs units
  • 3 car garage, existing structure for ADU
  • El Camino College adjacent
  • Conveniently located near freeways and beaches of South Bay

OVERVIEW

4118 Redondo Beach Blvd is a well-maintained triplex located in the northwest Torrance neighborhood of La Fresa, where only 45% of residents are homeowners. Built in 1953, the 2,432 square foot building sits on a 5,373 square foot lot and is comprised of (3) 2 bed/1 bath units. Each unit is equipped with washer/dryer hookups and has a dedicated one-car garage, both highly sought after amenities by today’s renter. Additionally, both ground floor units have their own private outdoor patio. Conveniently located just three miles from the Pacific Ocean and less than a mile from the 405 freeway, tenants enjoy the convenience to both work and play. The property is in close proximity to numerous restaurants, shops, and entertainment, including the South Bay Galleria, which is set for a $900 million revitalization of the 29.85-acre site in North Redondo Beach. Also nearby is the Del Amo Fashion Center, a 2.6 million square modern, upscale indoor/outdoor entertainment center and shopping mall. The shopping mecca is anchored by Nordstrom, Macy’s, Crate and Barrel, and JC Penney and includes high-end boutique stores like Hugo Boss, Kate Spade, Coach, and Tumi. The redevelopment focused on bringing in culinary and entertainment attractions. Popular restaurants include Din Tai Fung, Lucille’s Smokehouse BBQ and Lemonade. Dave and Busters opened a state-of-the-art facility that doubles the size of some of their other locations.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$513 USD /SF

# OF UNITS

3

PRICE/UNIT

$433,000

CAP RATE

4.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4118 Redondo Beach Blvd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,385 SF

ZONING

R3

APN/PARCEL ID

4085-002-003

ASK ABOUT THIS PROPERTY

Daniel ShiehLyon Stahl Investment Real EstateMore Info
323-825-5484

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Daniel ShiehLyon Stahl Investment Real EstateMore Info
323-825-5484

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.