520 N FRANCISCA Avenue
Redondo Beach, California CA 90277
$2,595,000 Price
Active Under Contract Status
5,243 SqFt
0.138 Acres
19433616 Listing ID
-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
Schedule Showing
Status Active Under Contract
County Los Angeles
Year Built 1971
Price/SqFt $494.95
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: 1971
Zoning: RBR-3A

Additional

Laundry Features: See Remarks
Laundry: yes
Lot Size Source: Estimated
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 5
Number Of Units Total: 5
Vacancy Allowance: 3700
Vacancy Allowance Rate: 3

Interior Features

Cooling: yes
Garage Spaces: 8
Stories Total: 3

Financial Details

Cap Rate: 2.99
Electric Expense: 1362
Gross Multiplier: 21.14
Gross Operating Income: 119659
Improvements Amount: 528122
Insurance Expense: 2359
Land Value: 739371
Maintenance Expense: 1500
Net Operating Income: 77477
Other Expense: 100
Other Income 1: 600
Price Per Unit: 519000
Taxes Percent: 1.25
Total Actual Rent: 122760
Total Expenses: 42200
Trash Expense: 1172
Water Sewer Expense: 1649

External Features

Lot Size Area: 6010
Lot Size Square Feet: 6010
Number Of Buildings: 1
Parking Features: Garage
Parking Total: 8
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 Jonathan Nikfarjam from Shield CRE, Inc. . Last updated Thursday, April 25th, 2019.

Contact - Listing ID 19433616

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
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