142 Paseo De La Concha

    Redondo Beach, CA 90277
    • $6,000,000
    • STATUS: Closed
    • ON SITE: 239 days
    • ID#: SB19010583
    Sold - 04/26/2019
    $6,000,000
    SOLD - 04/26/2019
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,116
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Location! Location! Location! Introducing Acapulco Apartments - a very well maintained 12-unit building in the Hollywood Rivera area of South Redondo Beach. Just steps to the beach, sand, and surf. (3) Two Bedroom, (7) One Bedroom, and (2) Studio Apartments. Top 2 units feature ocean views. Nine units have been upgraded +GG some with new kitchens, new baths, and new flooring. NO RENT CONTROL. Great opportunity for an investor or 1031 exchange. This is a rare opportunity to own your own slice of heaven. Riviera Village has grown into a worldwide destination while maintaining its charm. This gem is walking distance to Zagat rated restaurants, local boutiques, and three wine tasting galleries. Riviera Village offers upscale dining and shopping with a small town flavor.

    Sold by Stephanie Wells of Real Estate West, Inc..

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T07:34:46.083. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/91068116

    142 Paseo De La Concha Redondo Beach, CA 90277

    • Price: $6,500,000
    • Status: Closed
    • Updated: 42 min ago
    • ID#: SB19010583
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    8,116
    SQFT
    $0
    $/SQFT
    1958
    Built
    Neighborhood:
    128 - Hollywood Riviera
    County:
    Los Angeles
    Area:
    128 - Hollywood Riviera
    Property Description
    Location! Location! Location! Introducing Acapulco Apartments - a very well maintained 12-unit building in the Hollywood Rivera area of South Redondo Beach. Just steps to the beach, sand, and surf. (3) Two Bedroom, (7) One Bedroom, and (2) Studio Apartments. Top 2 units feature ocean views. Nine units have been upgraded +GG some with new kitchens, new baths, and new flooring. NO RENT CONTROL. Great opportunity for an investor or 1031 exchange. This is a rare opportunity to own your own slice of heaven. Riviera Village has grown into a worldwide destination while maintaining its charm. This gem is walking distance to Zagat rated restaurants, local boutiques, and three wine tasting galleries. Riviera Village offers upscale dining and shopping with a small town flavor.
    Exterior Features

    Architectural Style Mid Century Modern Carport Spaces 8.00 Construction Materials Stucco Garage Spaces 6.00 Lot Features GardenLandscapedLawnSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDrivewayGarage Parking Total 16.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved View Ocean View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 936.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1440.00 Gross Income 267720.00 Gross Operating Income 262366.00 Gross Scheduled Income 267720.00 Insurance Expense 3222.00 Land Lease YN No Laundry YN Yes Net Operating Income 156897.00 New Construction YN No New Taxes Expense 86875.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 12 Operating Expense 105469.00 Other Expense 900.00 Other Expense Description Janitori Pest Control Expense 672.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 267720.00 Total Expenses 105496.00 Trash Expense 6876.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance 5354 Vacancy Allowance Rate 2.00 Water Sewer Expense 3168.00 Water Source Public Year Built Source Assessor Zoning Torr-Md

    Listing provided courtesy of Rachel Ezra of Vista Sotheby's International and Audrey Judson of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T07:34:46.083. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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