520 N Francisca Avenue

    Redondo Beach, CA 90277
    • $2,595,000
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: 19433616
    New On Site 4 Days Ago
    UPDATED: 18 min ago
    $2,595,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,243
      SQFT
    • $495
      $/SQFT
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    -Outstanding A+ Beach City Location - Just Four Blocks from the Pacific Ocean -No Rent Control -West of Pacific Coast Highway - Walking Distance to King Harbor & Hollywood Riviera -Outstanding Unit Mix - (Four) Two-Bedroom/One-and- Half Bath Townhouses & (One) One-Bedroom/One- Bathroom* Two-Bedroom Townhouses Contain Individual Hot Water Heaters, Living Rooms, Dining Rooms, Private Balconies, & Rooftop Decks (Some with Ocean Views) -Front Two Bedroom Townhouse has Fireplace & Two Units Contain Private Patios -Over 43% in Rental Upside - Pro-Forma Cap Rate of 4.97% & Pro-Forma GRM of 14.76 -Legally Four Units - Qualifies for Residential Financing

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T18:30:02.89. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/91764291

    520 N Francisca Avenue Redondo Beach, CA 90277

    • Price: $2,595,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: 19433616
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,243
    SQFT
    $495
    $/SQFT
    1971
    Built
    Neighborhood:
    157 - S Redondo Bch W of PCH
    County:
    Los Angeles
    Area:
    157 - S Redondo Bch W of PCH
    Property Description
    -Outstanding A+ Beach City Location - Just Four Blocks from the Pacific Ocean -No Rent Control -West of Pacific Coast Highway - Walking Distance to King Harbor & Hollywood Riviera -Outstanding Unit Mix - (Four) Two-Bedroom/One-and- Half Bath Townhouses & (One) One-Bedroom/One- Bathroom* Two-Bedroom Townhouses Contain Individual Hot Water Heaters, Living Rooms, Dining Rooms, Private Balconies, & Rooftop Decks (Some with Ocean Views) -Front Two Bedroom Townhouse has Fireplace & Two Units Contain Private Patios -Over 43% in Rental Upside - Pro-Forma Cap Rate of 4.97% & Pro-Forma GRM of 14.76 -Legally Four Units - Qualifies for Residential Financing
    Exterior Features

    Garage Spaces 8.00 Lot Size Source Estimated Lot Size Units Square Feet Parking Features Garage Parking Total 8.00 Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 2.99 Electric Expense 1362.00 Gross Multiplier 21.14 Gross Operating Income 119659.00 Improvements Amount 528122 Insurance Expense 2359.00 Land Value 739371 Laundry YN Yes Maintenance Expense 1500.00 Net Operating Income 77477.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Other Expense 100.00 Other Income1 600.00 Special Listing Conditions Standard Taxes Percent 1.25 Total Actual Rent 122760.00 Total Expenses 42200.00 Trash Expense 1172.00 Vacancy Allowance 3700 Vacancy Allowance Rate 3.00 Water Sewer Expense 1649.00 Zoning Rbr-3A

    Listing provided courtesy of Jonathan Nikfarjam of Shield Cre, Inc. and Gianluca Jacoli of Shield Cre, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T18:30:02.89. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024