502 N ELENA Avenue, Redondo Beach, CA 90277

$2,850,000
4,840
SqFt
Sold Price
$2,850,000
List Price
$3,025,000
Closing Date
May 03, 2019
Status
CLOSED
MLS#
18409526
Year Built
1964
Living Sq. Ft
4,840
Lot Size
6,015
Acres
0.1381
Days on Market
111
Property Type
Multifamily

Property Description

-No Rent Control -Centered in the Upscale South Redondo Beach Coastal Community - 3 Blocks from the Pacific Ocean -Located West of Pacific Coast Highway - Walking Distance to the Pacific Ocean and King Harbor -Outstanding Unit Mix - (One) Three-Bedroom/Two-Bathroom Unit, (One) Two-Bedroom/One-and-Half-Bathroom Townhouse Unit, & (Five) One-Bedroom/One-Bathroom Units -Over 24% in Rental Upside - Pro-Forma Cap Rate of 5.07% & Pro-Forma GRM of 14.76

Additional Information

Cooling
Yes
Cooling Description
See Remarks
Total Number of Units
7

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Gianluca Jacoli from Shield CRE, Inc.

Listing sold by Rick Thomas from Merit Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.