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Listing 15 out of 228
Sold for $2,450,000 Sold

215 Carnelian Street
Redondo Beach, CA 90277

7 units | Multi Family Home
7087 sq ft lot - MLS# SB19005839
Property Photo

Sold

Sold for $2,450,000 on Jan 28, 2019

Description

This beautifully restored 7-unit apartment building is in a prime location in South Redondo Beach, just 2 blocks from the beach, pier, harbor, marina, bike path and more... Consisting of six (approx. 400 sq. ft.) single apartments with a shared-yard, and one (approx. 1,500 sq. ft.) 3 bedroom apartment... ideal for a possible owner's unit with its own large separate yard. This property demonstrates a vintage 1925 Spanish Colonial Architectural Style with one of the very few surviving Classic Quant and Original 1920’s Old Spanish Courts from Redondo’s Glory Days and is now a ‘Landmark’ smack in the heart of Old Downtown Redondo’s "Mid-Way". The property is charming and authentic ...not just dolled-up, but well-maintained and updated in all the right places with authenticity always in mind. Featuring a brand-new roof that was installed last year, this building has been completely re-wired and repiped with copper and PVC. The exterior has also been painted, re-stuccoed, and relandscaped. The original hardwood flooring (almost 100 years old) has been repaired, restored, and refinished in three of the studio units. One unit has even been completely refurbished and re-plastered... featuring a remodeled kitchen with all new cabinetry, appliances, fixtures, and a tankless water heater. One of the studio units is currently undergoing updates including fresh paint and hardwood flooring. MAJOR UPSIDE RENT POTENTIAL!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $2,475,000
  • Zip Code: 90277
  • Year Built: 1925
  • Stories: Two
  • Units: 7 units
  • Lot Size: 7087 sq ft lot
  • Zoning: RBR-3A
  • Area: 157 - S Redondo Bch W of PCH
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3858.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks
  • Country: US
  • Directions: Heading South on N Catalina Ave, turn left onto Carnelian St. The property will be on the left side of the street.
  • Gardener Expense: 1200.00
  • Gross Income: 127800.00
  • Gross Scheduled Income: 127800.00
  • Insurance Expense: 1350.00
  • Laundry Features: Dryer Included, Washer Included
  • Laundry YN: Yes
  • Listing Agent License: 01981597
  • Listing Office License: 01972083
  • Lot Features: 6-10 Units/Acre
  • Lot Size Area: 7089.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 3834.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 76546.00
  • New Taxes Expense: 31146.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Operating Expense: 47420.00
  • Property Attached YN: Yes
  • Selling Agent: Leo Nordine
  • Selling Agent License: 00961679
  • Selling Office: Nordine Realtors, Inc.
  • Selling Office License: 01915167
  • Sewer: Public Sewer
  • Total Expenses: 47420.00
  • Trash Expense: 1750.00
  • Water Sewer Expense: 1750.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 2450000.00
  • Sold Date: 2019-01-28
Courtesy of Lyon Stahl Investment Real Estate, Inc., John Stiegler Ii

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