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Listed by Todd Lesko, DRE #01421116 • Todd Lesko, Broker
$ 4,356,000
Est. payment | /mo
6,764 Sqft Lot
$ 4,356,000
Est. payment | /mo
6,764 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25063474
Year Built 1958
Lot Size 6,764 Sqft
Source California Regional MLS
Property Description
LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beach's bustling "Riviera Village" shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2-bedroom, 1-bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi-subterranean on-site parking garages, the property's historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month-to-month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short-term tenancies.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Interior
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 7511011021
Special Listing Condition Not Applicable
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