404 N Broadway, Redondo Beach, CA 90277

$4,400,000
13
BD
13
BA
6,902
SqFt
Sold Price
$4,400,000
List Price
$4,570,000
Closing Date
Mar 15, 2024
MLS#
23-327547
Year Built
1973
Bedrooms
13
Bathrooms
13
Living Sq. Ft
6,902
Lot Size
10,505
Days on Market
92
Property Type
Multifamily
Stories
2

Property Description

We are pleased to present 404 N Broadway, a beautifully upgraded 6-unit apartment in South Redondo Beach, CA. This is an opportunity for an investor to purchase a multifamily property in a prime South Bay location, steps from world-class beaches, parks, restaurants, schools, and boutiques. Located 20 miles from Downtown Los Angeles and 7 miles south of LAX. 404 N Broadway offers residents the best of coastal living with big-city amenities and convenient access to the 405 Freeway. Nearby attractions include Redondo Beach Pier, SEA Lab marine conservation center, South Bay Galleria, Redondo Beach Performing Arts Center, and Hopkins Wilderness Park. The property features townhouse style units comprised of (1) three-bedroom/two-and-a-half-bathroom and (5) two-bedroom/one and a half-bathroom with an average unit size of 1,150 SF. Units offer rooftop decks, balconies, patios or all of the above. The property has had 5 out of the 6 units upgraded with modern two-tone cabinetry and Calacatta-quartz countertops, vinyl plank flooring with modern baseboards, new stainless steel appliance packages with Miele washer/dryers, new shaker doors, soaking tubs with custom tiled showers and new plumbing and lighting hardware. This offering is ideal for an investor looking for a safe investment that will produce long-term cash flow with very little maintenance.

Additional Information

Other Buildings
Other
Heat
Other
Cooling
Other
Number of Cars in Garage
Garage, Garage - 2 Car, Garage - 1 Car, Detached
Garage Spaces Total
11

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Matthews Real Estate Investment Services, Nabil Awada - CA DRE#02046840 Selling Office: .

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