108 N Broadway Immeuble residentiel 6 lots 1 958 094 € (326 349 €/Lot) Taux de capitalisation 5,02 % Redondo Beach, CA 90277

Experience the allure of coastal living with this exceptional six-unit apartment building in prime South Redondo Beach! Situated just moments from the vibrant Redondo Beach Pier, King Harbor, and the sparkling Pacific Ocean, 108 N. Broadway offers an unparalleled lifestyle and a lucrative investment opportunity. The property is deemed historic (designated landmark).
Priced at an enticing $382,500 per unit, this property currently delivers a robust 5.02% cap rate and a 13.96 GRM, signaling strong immediate returns. Imagine the possibilities with three vacant units awaiting your vision – perfect for an owner-user seeking the quintessential beachside experience or an astute investor ready to implement strategic upgrades and capture market-leading rents, pushing the pro-forma cap rate to an impressive 6.03%!
*Property is master metered. Please do not disturb tenants.
Boasting a diverse unit mix and nestled on a generous 7,608-SF lot, this asset offers flexibility and long-term value. The favorable rent control environment, defaulting to AB 1482, provides a stable and predictable investment landscape. Don't miss your chance to own a piece of this coveted coastline – a generational asset brimming with value-add potential in one of Southern California's most sought-after locations!