502 N ELENA Avenue
Redondo Beach, California CA 90277
$3,025,000 Price
Active Under Contract Status
4,840 SqFt
0.138 Acres
18409526 Listing ID
-No Rent Control -Centered in the Upscale South Redondo Beach Coastal Community - 3 Blocks from the Pacific Ocean -Located West of Pacific Coast Highway - Walking Distance to the Pacific Ocean and King Harbor -Outstanding Unit Mix - (One) Three-Bedroom/Two-Bathroom Unit, (One) Two-Bedroom/One-and-Half-Bathroom Townhouse Unit, & (Five) One-Bedroom/One-Bathroom Units -Over 24% in Rental Upside - Pro-Forma Cap Rate of 5.07% & Pro-Forma GRM of 14.76
Schedule Showing
Status Active Under Contract
County Los Angeles
Year Built 1964
Price/SqFt $625.00
Property Type Residential Income
Residential Income

Primary Features

Cooling Type: See Remarks
County: Los Angeles
MLS Area Major: 157 - S Redondo Bch W of PCH
Special Listing Conditions: Standard
Year Built: 1964
Zoning: RBR-3A


Laundry Features: See Remarks
Laundry: yes
Lot Size Source: Estimated
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 7
Number Of Separate Gas Meters: 7
Number Of Units Total: 7
Vacancy Allowance: 4849
Vacancy Allowance Rate: 3

Interior Features

Cooling: yes
Stories Total: 2

Financial Details

Cap Rate: 3.8
Gross Multiplier: 18.31
Gross Operating Income: 163037
Improvements Amount: 652399
Insurance Expense: 2178
Land Value: 1863999
Maintenance Expense: 2100
Net Operating Income: 114911
Other Expense: 1400
Other Income 1: 2754
Price Per Unit: 432143
Taxes Percent: 1.25
Total Actual Rent: 165240
Total Expenses: 48126
Water Sewer Expense: 3916

External Features

Lot Size Area: 6015
Lot Size Square Feet: 6015
Number Of Buildings: 1
Parking Features: Garage
Parking: yes

Location Information

Zoning Info

© 2019. The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Listing courtesy of Gianluca Jacoli from Shield CRE, Inc. . Last updated Thursday, March 21st, 2019.

Contact - Listing ID 18409526

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

Data services provided by IDX Broker