$3,095,000
For Sale

173 Paseo De La Concha

Redondo Beach, CA 90277
Courtesy of Steven M. Bogoyevac, Broker
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Description

We're pleased to present to market the trophy asset located at 173 Paseo De La Concha in Redondo Beach, California. This 1953 construction fourplex boasts a stunning location just steps from the beach in an affluent neighborhood at the base of the Palos Verdes Peninsula. With 21 percent upside in current rents and the potential to develop two ADU’s (buyer to verify), this is an excellent opportunity to acquire prime investment real estate in a strong coastal market. The property is on a 8,400-square foot lot and consists of a two-story building that contains two one-bed/one-bath and two two-bed/one-bath units,in-unit laundry, a shared backyard, and a rear building with two two-car garages. 173 Paseo De La Concha is located in a sought-after residential area just 500 feet from Torrance County Beach and the start of the Redondo Beach Strand. Additionally, the property is a short half-mile from shopping and dining and Riviera Village.
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  • Property Details
    • Property
      • Lot description:RectangularLot
    • Measurements
      • Acres:0.1928
    • Parking
      • Garage spaces:4
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1953
  • Utilities / Energy Details
    • Utility
      • Sewer information:PublicSewer
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$3, 095, 000
      • Selling Office Commission:2.000
  • Other
    • Source
      • MLS #:PW22207398

Location

JB Real Estate & Investment Inc.Real Estate Group
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