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18216 Kingsdale Avenue, Redondo Beach, CA 90278
Priced at Only: $4,625,000
For more Information Call Mobile: 714.478.6676
Address: 18216 Kingsdale Avenue, Redondo Beach, CA 90278
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  • MLS#: 25624773 ( )
  • Street Address: 18216 Kingsdale Avenue
  • Viewed: 6
  • Price: $4,625,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: LOS ANGELES
  • City: Redondo Beach
  • Zipcode: 90278
  • Provided by: BRC Advisors- BH
  • Contact: John John
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 18216 Kingsdale Ave, an 18 unit apartment opportunity in the highly desirable coastal community of Redondo Beach P.O. (City of Torrance). This rare offering provides immediate rental upside and long term appreciation potential in one of the South Bay's most consistently strong rental markets. The property features 18 total units, consisting of 6 studio/one bath, 9 one bed/one bath units, and 3 two bed/one bath units. Residents benefit from 18 garages, on site laundry, and close proximity to major retail, dining, and employment hubs. Extensive capital improvements have recently been completed, including a brand new roof, new electrical supply conduits, and the replacement of all main electrical supply wires leading to the existing breaker panels. With one unit currently vacant and in place rents significantly below market across the remaining units, there is substantial potential to increase income through strategic renovations and repositioning. Priced at an attractive $256K per unit and $492 per square foot, the property provides an excellent entry basis for both value add and long term investors. Opportunities of this size and location in Redondo Beach are very rare. This asset offers investors the chance to acquire a well located building with clear upside in one of Southern California's most supply constrained coastal markets.
Features
Building Area Total
  1. 9398.00
Common Walls
  1. 1 Common Wall
Cooling
  1. None
Country
  1. US
Direction Faces
  1. West
Garage Spaces
  1. 18.00
Heating
  1. Wall Furnace
Laundry Features
  1. Community
Levels
  1. Two
Netoperatingincome
  1. 198852.00
Parcel Number
  1. 4083007016
Pool Features
  1. None
Sourcesystemkey
  1. 25624773:CLAW
Spa Features
  1. None
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 121089.00
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. TORR-MD
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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