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The Walker Team

[email protected] +1(650) 383-7298

Listed by Todd Lesko • Todd Lesko, Broker

$ 4,356,000

Est. payment -/mo

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Price Dropped by $484K

1716 Camino De La Costa Redondo Beach, CA 90277

6,764 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC25063474

Year Built 1958

Lot Size 6,764 Sqft

Source California Regional MLS

Property Description

LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beach's bustling "Riviera Village" shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2-bedroom, 1-bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi-subterranean on-site parking garages, the property's historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month-to-month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short-term tenancies.

Location

State CA

County Los Angeles

Area 157 - S Redondo Bch W Of Pch

Interior

Laundry Laundry Area

Exterior

Garage Spaces 8.0

Pool None

Building

Water District - Public

Others

Tax ID 7511011021

Special Listing Condition Not Applicable

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

10

Montemalaga Elementary

Public | KG - 5
10

Alta Vista Elementary School

Public | KG - 5
10

Tulita Elementary School

Public | KG - 5
10

Anza Elementary School

Public | KG - 5
10

Seaside Elementary

Public | KG - 5
10

Rancho Vista Elementary

Public | KG - 5
10

Walteria Elementary

Public | KG - 5
9

Cornerstone at Pedregal Elementary School

Public | KG - 5
9

Beryl Heights Elementary School

Public | KG - 5
9

Jefferson Elementary School

Public | KG - 5
9

Towers Elementary School

Public | KG - 5
9

Silver Spur Elementary

Public | KG - 5
8

Riviera Elementary

Public | KG - 5
8

Soleado Elementary School

Public | KG - 5
8

Victor Elementary School

Public | KG - 5
8

Arnold Elementary School

Public | KG - 5
0

Riviera Hall Lutheran School

Private | PK - 8
0

Our Lady of Guadalupe School

Private | PK - 8
0

Carden School

Private | PK - 1
0

Playhouse Preschool & Kindergarten

Private | PK - TKG

Middle Schools 9

10

Palos Verdes Intermediate School

Public | 6 - 8
9

Parras Middle School

Public | 6 - 8
9

Richardson Middle School

Public | 6 - 8
8

Calle Mayor Middle School

Public | 6 - 8
8

Bert Lynn Middle School

Public | 6 - 8
8

Jefferson Middle School

Public | 6 - 8
8

Magruder Middle School

Public | 6 - 8
7

Madrona Middle School

Public | 6 - 8
0

Redondo Beach Learning Academy

Public | 8 - 12

High Schools 6

10

Palos Verdes Peninsula High School

Public | 9 - 12
10

South High School

Public | 9 - 12
9

Redondo Union High School

Public | 9 - 12
9

West High School

Public | 9 - 12
8

Palos Verdes High School

Public | 9 - 12
0

Redondo Shores High (Continuation)

Public | 9 - 12

School and business data provided by Attom Data.

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