906 Torrance Boulevard, Redondo Beach CA, 90277

Pending

906 Torrance Boulevard

Redondo Beach CA, 90277

$8,250,000

$413.66 per sqft

Pending

38 Beds

30 Baths

19,944 sqft

Residential

Built in 1962

Listed by Keith Moret with Lyon Stahl Investment Real Estate, Inc. 310-563-7144

This 26 Unit Property presents an opportunity to add value to a very desirable asset in a Premium location. The 906 Redondo Apts. is located in one of Southern California's most sought-after areas, Redondo Beach. It's about a mile from Redondo Pier/Fisherman's Wharf, and the Pacific Ocean. This is a mecca for weekend tourists with over 50 options for dining, shopping, and water activities. The charming Flatiron style building built in the 60's, sits on a robust commercial corner, but offers the tenants parking access off a quiet cul-de-sac. The unit mix is ideal with (2) 3 BR's; (7) 2BR's and (17) 1BR's. There are 24 covered parking spaces plus (3) garages. The front entrance features a lush garden with a tropical theme and a stairwell to the secure gate. That entry leads to an open courtyard with a heated pool, and lounge area for tenants. The property has been professionally managed for years and offers immediate and attainable upside of 27%. The city of Redondo Beach is subject only to state rent control (AB1482) and rents can be raised annually by 5% plus CPI.

24437465

MLSⓇ ID

September 8, 2024

Listed

October 17, 2024

Updated

Map

906 Torrance Boulevard
Redondo Beach CA, 90277

Interior Features

Total Stories: 2
Bedrooms: 38
Total Bathrooms: 30
Interior Features: Ceiling Fan(s)
Appliances: Dishwasher, Disposal
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Natural Gas

Exterior/Building Features

Lot Size: 0.47 Acres
Architectual Style: Mid-Century Modern

Other Property Details

Area Name: 156 - S Redondo Bch S of Torrance Bl
Days on Market: 5
Garage: Yes
Garage Spaces: 3
Parking: Assigned, Garage
Parking Total: 27
View: No
County: Los Angeles
Pool: No
Zoning: RBC-2

Listing History

Date	Event	Price
9/14/2024	Pending	—

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/17/2024 at 1:18 PM UTC