124 Palos Verdes Boulevard, Redondo Beach, CA 90277
124 Palos Verdes Boulevard, Redondo Beach, CA 90277
124 Palos Verdes Boulevard, Redondo Beach, CA 90277
124 Palos Verdes Boulevard, Redondo Beach, CA 90277
124 Palos Verdes Boulevard, Redondo Beach, CA 90277
124 Palos Verdes Boulevard, Redondo Beach, CA 90277
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Douglas Anderson

Douglas Anderson

+1(509) 216-3420
$ 7,100,000
Est. payment | /mo

8 Beds

4 Baths

7,954 Sqft Lot

Save
$ 7,100,000
Est. payment | /mo
Save

8 Beds

4 Baths

7,954 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26088593

Bedrooms 8

Lot Size 7,954 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

ANOTHER $200K PRICE REDUCTION! 4.5% CAP. TR WEALTH is pleased to present a rare opportunity to acquire a 10-unit trophy multifamily asset located in South Redondo Beach / Hollywood Riviera submarket. The addresses are 124-128 Palos Verdes Blvd totaling 9,914 sf with similar floor plans and ocean views. The property is two separate APN (Parcels) with 5 units each forming a central courtyard. Perched in a premier coastal setting, this asset has ocean views, offering a generational investment that attracts tenant demand. There are 10 Garages and 10 tandem spaces. A desirable unit mix of 9 large 2-bedrooms, 1 bathroom & 1 2-bedroom, 2 baths units offering 975 rentable area and spacious & functional layouts makes tenants want to reside here. With $800,000 in capital improvements, including fully remodeled interiors, upgraded plumbing and electrical systems, new subpanels, modern appliances, and extensive interior and exterior enhancements delivers a turnkey investment with minimal deferred maintenance. The property has 8 of 10 units remodeled as new and has future upside with renovations for 2 units and stabilization of the rents to market value. The price is supported by a conservative expense ratio and efficient management. A RUBS program is in place & tenants pay gas for hot water heater in units. The asset is not subject to local rent control, providing investors with flexibility to capture future rent growth in a strong and stable rental market. AB1482 State Rent Control only. Located just minutes from Riviera Village, tenants benefit from immediate access to premier dining

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Pacific coast hwy south to PV Blvd (Service Street) Elevated turn onto 124-128 PV Blvd

Interior

Heating Floor Furnace

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7514001005

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by William Mulkey, DRE#00986020 TR Wealth Management Inc. 
Douglas Anderson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 216-3420

d.andersonrealtysd@gmail.com

4440 Twain Ave. #326, San Diego, California, 92120, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from D. Anderson Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

124 Palos Verdes Boulevard