215 Carnelian Street
Redondo Beach, California CA 90277-2888
$2,475,000 Price
3,858 SqFt
0.163 Acres
SB19005839 Listing ID
This beautifully restored 7-unit apartment building is in a prime location in South Redondo Beach, just 2 blocks from the beach, pier, harbor, marina, bike path and more... Consisting of six (approx. 400 sq. ft.) single apartments with a shared-yard, and one (approx. 1,500 sq. ft.) 3 bedroom apartment... ideal for a possible owner's unit with its own large separate yard. This property demonstrates a vintage 1925 Spanish Colonial Architectural Style with one of the very few surviving Classic Quant and Original 1920’s Old Spanish Courts from Redondo’s Glory Days and is now a ‘Landmark’ smack in the heart of Old Downtown Redondo’s "Mid-Way". The property is charming and authentic ...not just dolled-up, but well-maintained and updated in all the right places with authenticity always in mind. Featuring a brand-new roof that was installed last year, this building has been completely re-wired and repiped with copper and PVC. The exterior has also been painted, re-stuccoed, and relandscaped. The original hardwood flooring (almost 100 years old) has been repaired, restored, and refinished in three of the studio units. One unit has even been completely refurbished and re-plastered... featuring a remodeled kitchen with all new cabinetry, appliances, fixtures, and a tankless water heater. One of the studio units is currently undergoing updates including fresh paint and hardwood flooring. MAJOR UPSIDE RENT POTENTIAL!
Schedule Showing Virtual Tour
Status Active
County Los Angeles
Year Built 1925
Property Type Residential Income
Residential Income

Primary Features

County: Los Angeles
Lot Features: 6-10 Units/Acre
MLS Area Major: 157 - S Redondo Bch W of PCH
Special Listing Conditions: Standard
Year Built: 1925
Zoning: RBR-3A


Community Features: Curbs, Sidewalks
Land Lease: no
Laundry Features: Dryer Included, Washer Included
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 7
Number Of Separate Gas Meters: 7
Number Of Separate Water Meters: 1
Number Of Units Total: 7
Property Attached: yes
Senior Community: no
Tax Lot: 2, 3
Tax Tract Number: NA
Water Source: Public
Year Built Source: Assessor

Interior Features

Common Walls: 2+ Common Walls
Levels: Two

Financial Details

Gross Income: 127800
Gross Scheduled Income: 127800
Insurance Expense: 1350
Maintenance Expense: 3834
Maintenance Percent: 3
Net Operating Income: 76546
New Taxes Expense: 31146
Operating Expense: 47420
Professional Management Expense: 6390
Rent Control: no
Total Expenses: 47420
Trash Expense: 1750
Water Sewer Expense: 1750

External Features

Lot Size Area: 7089
Lot Size Square Feet: 7089
Number Of Buildings: 1
Pool Features: None
Private Pool: no
Sewer: Public Sewer

Location Information

Country: US

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 John Stiegler II from Lyon Stahl Investment Real Estate, Inc. . Last updated Friday, January 18th, 2019.

Contact - Listing ID SB19005839

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