517 N Francisca Avenue, Redondo Beach, CA 90277
- $2,755,000
- Sold Price
- $2,755,000
- List Price
- $2,790,000
- Closing Date
- May 10, 2023
- Status
- CLOSED
- MLS#
- PW23015235
- Year Built
- 1971
- Lot Size
- 5,976
- Acres
- 0.14
- Lot Location
- ValueInLand
- Days on Market
- 103
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
Property Description
We are pleased to present a unique opportunity to acquire four townhomes, in a trophy location, at a low basis. Priced at a 17GRM, $523/Sq.Ft., and a current 4.21% Cap (Pro forma 5.08% cap), this is available at a cost well below the comps. The subject property consists of one 3 bed/ 2.5 bath, one 2 bed/ 2 bath, & two 2 bed/ 1.5 bath townhome units. Each unit has its own private balcony/patio space, as well as its own private roof top deck. There is ample parking onsite, as well as onsite seller owned laundry for additional income. 517 N Francisca is located steps from the Redondo Beach Pier, the beach, Hollywood Riviera, and the 49 Acre 2,290 unit power plant development. This is one of the lowest GRMs, and lowest price per foot you'll find in such a sought after location & with condo-quality units. Reach out for more information ASAP, as this opportunity will not last long.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $163,800
- Operating Expense
- 42917
Listing courtesy of Listing Agent: Shane Young (Shane@YoungLewin.com) from Listing Office: Younglewin Advisors, Inc..
Listing sold by Kimiyasu Murayoshi from Andrew C. Lee
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.