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215 Carnelian St, Redondo Beach, CA 90277

$2,800,000
  • Description
  • Address
  • Details

Description

Beautifully Restored 7-unit apartment building located in South Redondo Beach, just minutes from the beach and world-famous King Harbor. This property demonstrates a vintage 1925 Spanish Colonial Architectural style that has been well-maintained for almost 100 years and artfully restored. It features a unique and spacious 1,798 SF private backyard patio for all tenants to enjoy, a portion of which is privatized to the largest unit.
The building has a brand-new roof that was installed last year and has been completely re-wired and re-piped with copper and PVC. The exterior has also been painted, re-stuccoed and re-lanscaped. There is a storage room that has been improved with coin-operated washer/dryer and storage units for each tenant. The original hardwood flooring, almost 100 years old, has been repaired, restored and refinished in three of the studio units. One unit has even been completely refurbished and re-plastered featuring a remodeled kitchen with all new cabinetry, appliances, fixtures, and a tankless water heater.

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Address

  • City: Redondo Beach
  • State/county: CA
  • Country: United States

Detail

Updated on July 19, 2018 at 9:18 pm

  • Price: $2,800,000
  • List Date: 7/19/18
  • Property Size: 3,858 Sq ft
  • Land Area: 7,089 Sq ft
  • Year Built: 1925
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 7
  • NOI: $68,768
  • GRM: 23.81
  • CAP RATE: 2.46%
  • Price per Unit: $400,000
  • Market GRM: 16.91
  • Market CAP RATE: 4%

Contact info

Charlie Rasmussen
Charlie Rasmussen
(562) 241-0898(310) 404-9072
Linkedin
Johnnie Stiegler
Johnnie Stiegler
(310) 990-9685(310) 447-2213

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