4118 Redondo Beach Blvd | 4118 Redondo Beach Blvd
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4118 Redondo Beach Blvd 4118 Redondo Beach Blvd
3 Unit Apartment Building $1,299,000 ($433,000/Unit) 4.55% Cap Rate Torrance, CA 90504
Investment Highlights
- 3 - 2bed/1bath units
- Private patios for downstairs units
- El Camino College adjacent
- washer/dryer hookups in units
- 3 car garage, existing structure for ADU
- Conveniently located near freeways and beaches of South Bay
Executive Summary
4118 Redondo Beach Blvd is a well-maintained triplex located in the northwest Torrance neighborhood of La Fresa, where only 45% of residents are homeowners. Built in 1953, the 2,432 square foot building sits on a 5,373 square foot lot and is comprised of (3) 2 bed/1 bath units. Each unit is equipped with washer/dryer hookups and has a dedicated one-car garage, both highly sought after amenities by today’s renter. Additionally, both ground floor units have their own private outdoor patio.
Conveniently located just three miles from the Pacific Ocean and less than a mile from the 405 freeway, tenants enjoy the convenience to both work and play. The property is in close proximity to numerous restaurants, shops, and entertainment, including the South Bay Galleria, which is set for a $900 million revitalization of the 29.85-acre site in North Redondo Beach.
Also nearby is the Del Amo Fashion Center, a 2.6 million square modern, upscale indoor/outdoor entertainment center and shopping mall. The shopping mecca is anchored by Nordstrom, Macy’s, Crate and Barrel, and JC Penney and includes high-end boutique stores like Hugo Boss, Kate Spade, Coach, and Tumi. The redevelopment focused on bringing in culinary and entertainment attractions. Popular restaurants include Din Tai Fung, Lucille’s Smokehouse BBQ and Lemonade. Dave and Busters opened a state-of-the-art facility that doubles the size of some of their other locations.
Conveniently located just three miles from the Pacific Ocean and less than a mile from the 405 freeway, tenants enjoy the convenience to both work and play. The property is in close proximity to numerous restaurants, shops, and entertainment, including the South Bay Galleria, which is set for a $900 million revitalization of the 29.85-acre site in North Redondo Beach.
Also nearby is the Del Amo Fashion Center, a 2.6 million square modern, upscale indoor/outdoor entertainment center and shopping mall. The shopping mecca is anchored by Nordstrom, Macy’s, Crate and Barrel, and JC Penney and includes high-end boutique stores like Hugo Boss, Kate Spade, Coach, and Tumi. The redevelopment focused on bringing in culinary and entertainment attractions. Popular restaurants include Din Tai Fung, Lucille’s Smokehouse BBQ and Lemonade. Dave and Busters opened a state-of-the-art facility that doubles the size of some of their other locations.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 3 | $2,323 | - |
1 of 1
zoning
Zoning Code | R3 |
R3 |
1 of 28
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4118 Redondo Beach Blvd | 4118 Redondo Beach Blvd
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