110 Paseo De La Concha

Redondo Beach, CA 90277

$2,650,000
Last Sold Price
6
Beds
4
Baths
3,312 Sq. Ft.
$800 / Sq. Ft.
3,312
Sq. Ft.
$800
per Sq. Ft.

Description

We are pleased to present for sale, 110 Paseo De La Concha, located just steps away from the beach. First time on the market in over 30 years, this value-add property is the quintessential pride of ownership for rentals, or an opportunity for an owner-user looking occupy a unit. The building features four units, two 1 Bedroom/1 Bath and two 2 Bedroom/1 Bath. The square footage of the improvements is +/- 3,612, and the building sits on a large +/- 8,672 square foot lot. Paseo De La Concha sits on...We are pleased to present for sale, 110 Paseo De La Concha, located just steps away from the beach. First time on the market in over 30 years, this value-add property is the quintessential pride of ownership for rentals, or an opportunity for an owner-user looking occupy a unit. The building features four units, two 1 Bedroom/1 Bath and two 2 Bedroom/1 Bath. The square footage of the improvements is +/- 3,612, and the building sits on a large +/- 8,672 square foot lot. Paseo De La Concha sits on the border between Redondo Beach and Torrance southernmost part of Redondo Beach is a block north. While the physical address of the property is Redondo Beach, the property is in the City of Torrance. Tenants of 110 Paseo De La Concha get the benefit of the amenities that both cities offer. The property has been well-maintained, however, current ownership has owned Paseo De La Concha for over three decades and hasn't repositioned or renovated the property to suit the demand for luxury units. New ownership can also explore other income generating options such as vacation rentals or adding ADU units.
  1. Listed by Adam Zunder • DRE #01821053 • Brokerage DRE #01229985 • Iconic Investments

Property Details for 110 Paseo De La Concha

Zoning
TORR-MD
Parcel Number
7511019002
Total Units
4.0
Living Area
3312
Source Living Area
Vendor Enhanced
Area
Hollywood Riviera (128)
Vacancy Rate
0
Lot Size Area
8672

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053

Sold By Iconic Investments, Adam Zunder, DRE #01821053

Add your commute
LISTING UPDATED: 05/22/2023 10:22 AM

Property Details for 110 Paseo De La Concha

StatusSold
MLS #23-250817
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.20 AC / 8,672 SF
CountyLos Angeles County

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053

Sold By Iconic Investments, Adam Zunder, DRE #01821053

Add your commute

Building Information for 110 Paseo De La Concha

Stories2Residences-Year Built1955Building Size-Lot Size0.20 AC / 8,672 SF

Payment Calculator

$14,763 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,462

Property Taxes

$301

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 110 Paseo De La Concha

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $90,960
  • Net Operating Income: $63,672.00
  • Gross Income: $90,960
  • Gross Rent Multiplier: $24.00
  • Total Annual Expense: 27288
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1991
  • Lot Size Square Feet: 8672
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 4
  • Covered Parking: 4
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall Unit(s), Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Microwave, Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-14-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,615.00
  • Unit Actual Rent: $1,615.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,515.00
  • Unit Actual Rent: $1,515.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,225.00
  • Unit Actual Rent: $2,225.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $135,131.00
  • Assessed Improvement Percent: 52.0
  • Assessed Land Value: $124,733.00
  • Assessed Land Percent: 48
  • Assessed Total Value: $259,864.00

Property History for 110 Paseo De La Concha

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 110 Paseo De La Concha

Taxable ValueLand$127,227Additions$137,833Total$265,060
Tax Record2023$3,610 ($301 / month)
Home Facts
Total Finished SqFt3,312 SqFtAbove Grade Finished SqFt3,312 SqFtLot Size8,672 SqFtStyleQuadraplexYear Built1955ZoningTORR-MDCountyLOS ANGELESAPN7511-019-002

Schools near 110 Paseo De La Concha

This home is within Torrance 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
Riviera Elementary School
PublicK to 5

Edward J. Richardson Middle School
Public6 to 8

South High School
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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.

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053

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.