Prime South Redondo Beach Location just blocks from the Redondo Beach Pier and Harbor. This 7,534 sq ft property sits West of Pacific Coast Highway offering 4 - 1 bedroom 1 bathroom units in the front building and 2 - 1 bedroom 1 bathroom free standing cottages. There is tremendous upside potential with rent increases to market rents as well as potential for an ADU. The property also offers 4 single car garages. Owner has completed upgrades including a new roof installation which is in process. Current CAP rate of 3.4% with $157,740 Gross annual income. Huge upside with Pro forma income of $200,520 would bring the CAP rate to 4.7%. Great opportunity to own a prime location building with huge future upside.
Sold for $2,400,000
Listed by: Palm Realty Boutique • Keith Kelley • Contact: 310-707-2124
Bought with: Jensen Realty
$2,400,000
214 South Broadway, Redondo Beach, CA 90277
6beds
6baths
3,776sqft
Mixed Use
Built in 1921
-- sqft lot
$-- Zestimate®
$636/sqft
$7,412 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,412/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Keith Kelley DRE #01810798 310-944-5554,
Palm Realty Boutique
Bought with:
Devin Jensen, DRE #01893875
Jensen Realty
Source: CRMLS,MLS#: PV24197358
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,776
- Total interior livable area: 3,776 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: Front and side
- Pool features: None
Lot
- Size: 7,537 Square Feet
- Features: Street Level
Details
- Parcel number: 7505019020
- Zoning: RBR-3A
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1921
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Redondo Beach
Financial & listing details
- Price per square foot: $636/sqft
- Tax assessed value: $3,151,787
- Annual tax amount: $37,239
- Date on market: 9/23/2024
- Cumulative days on market: 126 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Total actual rent: 13145
Price history
| Date | Event | Price |
|---|---|---|
| 1/29/2025 | Sold | $2,400,000-15.8%$636/sqft |
Source:  CRMLS #PV24197358 Report a problem | ||
| 3/12/2023 | Listing removed | $2,850,000-4%$755/sqft |
Source:  CLAW #22-125993 Report a problem | ||
| 3/11/2022 | Sold | $2,970,000+4.2%$787/sqft |
Source: Public Record Report a problem | ||
| 2/16/2022 | Contingent | $2,850,000$755/sqft |
Source: CLAW #22-125993 Report a problem | ||
| 2/8/2022 | Listed for sale | $2,850,000+258.5%$755/sqft |
Source: CLAW #22-125993 Report a problem | ||
| 8/31/2000 | Sold | $795,000$211/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $37,239 +4.4% | $3,151,787 +2% |
| 2024 | $35,656 +1.9% | $3,089,988 +2% |
| 2023 | $35,004 +1.6% | $3,029,400 +168.4% |
| 2022 | $34,447 +144.8% | $1,128,836 +2% |
| 2021 | $14,069 -0.1% | $1,106,703 +1% |
| 2020 | $14,085 | $1,095,356 +2% |
| 2019 | $14,085 +5% | $1,073,879 +2% |
| 2018 | $13,418 | $1,052,823 +2% |
| 2017 | $13,418 +1.8% | $1,032,180 +2% |
| 2016 | $13,184 +2.2% | $1,011,942 +1.5% |
| 2015 | $12,897 +2.8% | $996,743 +2% |
| 2014 | $12,545 | $977,220 +4.5% |
| 2011 | -- | $935,030 +0.8% |
| 2010 | -- | $928,042 -0.2% |
| 2009 | -- | $930,248 +2% |
| 2008 | -- | $912,009 +2% |
| 2007 | -- | $894,128 +2% |
| 2006 | -- | $876,597 |
| 2005 | -- | $876,597 +4% |
| 2004 | -- | $842,559 +3.9% |
| 2002 | -- | $810,900 +522.3% |
| 2000 | -- | $130,300 |
Find assessor info on the county website
Neighborhood: 90277
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Nearby schools
GreatSchools rating
- 8/10Alta Vista Elementary SchoolGrades: K-5Distance: 0.9 mi
- 7/10Parras (Nick G.) Middle SchoolGrades: 6-8Distance: 0.6 mi
- 10/10Redondo Union High SchoolGrades: 9-12Distance: 0.4 mi
- California
- Los Angeles County
- Redondo Beach
- 90277
- 214 South Broadway
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