424 South Broadway

Redondo Beach, CA 90277

$1,999,000
Price
4
Beds
4
Baths
1,008 Sq. Ft.
$1,983 / Sq. Ft.
1,008
Sq. Ft.
$1,983
per Sq. Ft.

Description

Two blocks from the beach, this 100 year old income producing property can be used in so many ways! Strictly rental income, owner occupied + income, or development opportunity! Property is designated on the historical gold list - Class C. City of Redondo Beach records show subject property is a single-family home, and zoned R3. Sellers disclose an additional 3 standalone units on property may be non-conforming. Additional units include two 1bdr 1bath units and one studio. All units have been partially...Two blocks from the beach, this 100 year old income producing property can be used in so many ways! Strictly rental income, owner occupied + income, or development opportunity! Property is designated on the historical gold list - Class C. City of Redondo Beach records show subject property is a single-family home, and zoned R3. Sellers disclose an additional 3 standalone units on property may be non-conforming. Additional units include two 1bdr 1bath units and one studio. All units have been partially updated. All tenants under one year lease agreements, except for front house moving 15th of May.
  1. Listed by Jeanevra Calhoun • DRE #01976822 • Brokerage DRE #01311124 • Beach City Brokers • 424-634-8238

Property Details for 424 South Broadway

View
Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Lot Size Dimensions
40x160

Location

Listing Courtesy of Beach City Brokers, Jeanevra Calhoun, DRE #01976822
Add your commute
LISTING UPDATED: 05/23/2024 09:54 AM

Property Details for 424 South Broadway

StatusActive
MLS #SB24088634
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1917
Lot Size0.15 AC / 6,397 SF
CountyLos Angeles County

Location

Listing Courtesy of Beach City Brokers, Jeanevra Calhoun, DRE #01976822
Add your commute

Building Information for 424 South Broadway

Stories1Residences-Year Built1917Building Size-Lot Size0.15 AC / 6,397 SF

Payment Calculator

$12,492 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,909

Property Taxes

$1,583

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 424 South Broadway

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $115,808
  • Gross Scheduled Income: $115,808
  • Net Operating Income: $80,645
  • Number Of Rented Garages: 0
  • Laundry Income: $700
  • Other Income Description: Landlord pays utilities
  • Gross Multiplier: 17.26
  • Cap Rate: 4.03
  • Current Financing: None
Expense Details
  • Operating Expense: $35,162
  • New Taxes Expense: $22,388
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $815
  • Maintenance Expense: $3,000
  • Other Expense Description: utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $26,203
Tax / Assessment Info
  • Tax Block: 166
  • Tax Tract: 621324
  • Tax Tract Number: 8055
  • Tax Census Tract: 6213.24
  • CFD/Mello-Roos Fee: $899
  • Tax Lot: 35
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Freezer, Disposal, Gas Range, Refrigerator
  • Equipment: Community, Dishwasher, Freezer, Refrigerator, Room, Washer, Washer Hookup, Washer Included
  • Laundry: Yes
  • Laundry Features: Community, Individual Room, Washer Hookup, Washer Included
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Natural Gas
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Entry Location: street
  • Other Structures: Shed(s), Storage
  • Waterfront Features: Across the Road from Lake/Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Lawn, Near Public Transit, Park Nearby, Sprinkler System
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: Driveway, On street
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Concrete, Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,650
  • Unit Type Total Rent: $43,800
  • Unit Type Pro Forma: 44400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $26,400
  • Unit Type Pro Forma: 27600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $26,400
  • Unit Type Pro Forma: 27600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $21,600
  • Unit Type Pro Forma: 24000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 1
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Carpet: 0
  • Number With Disposal: 4
  • Number With Drapes: 0
  • Number With Patio: 0

Property History for 424 South Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 424 South Broadway

Taxable ValueLand$1,319,881Additions$329,970Total$1,649,851
Tax Record2023$18,998 ($1,583 / month)
Home Facts
Beds2Total Finished SqFt1,008 SqFtAbove Grade Finished SqFt1,008 SqFtStories1Lot Size6,395 SqFtStyleSingle Family ResidenceYear Built1917ZoningRBR-3ACountyLOS ANGELESAPN7508-012-027

Schools near 424 South Broadway

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alta Vista Elementary School
PublicK to 5

Parras (Nick G.) Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

Redondo Beach Learning Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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424 South Broadway is a multi-family home for sale in Redondo Beach, CA 90277. This property was listed for sale on May 2, 2024 by Beach City Brokers, it's currently listed at $1,999,000. It has been on the market for a total of 29 days and was last sold on April 21, 2016. This listing's school district is Redondo Beach Unified School District. Nearby schools include Alta Vista Elementary School, Parras (Nick G.) Middle School and Redondo Union High School. 424 South Broadway is a 4-bed, 4-bath, 1,008 sqft multi-family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Beach City Brokers, Jeanevra Calhoun, DRE #01976822

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.