Listed by Shane Young with Younglewin Advisors, Inc.

517 N Francisca Avenue

Redondo Beach, CA, 90277

$2,790,000

$523 per ft²
$2,790,000
$523 per ft²
Active
Active
 - For Sale
carpenters-square
5,332 ft²
property_type
Multi-family
calendar
Built 1971
We are pleased to present a unique opportunity to acquire four townhomes, in a trophy location, at a low basis. Priced at a 17GRM, $523/Sq.Ft., and a current 4.21% Cap (Pro forma 5.08% cap), this is available at a cost well below the comps. The subject property consists of one 3 bed/ 2.5 bath, one 2 bed/ 2 bath, & two 2 bed/ 1.5 bath townhome units. Each unit has its own private balcony/patio space, as well as its own private roof top deck. There is ample parking onsite, as well as onsite seller owned laundry for additional income. 517 N Francisca is located steps from the Redondo Beach Pier, the beach, Hollywood Riviera, and the 49 Acre 2,290 unit power plant development. This is one of the lowest GRMs, and lowest price per foot you'll find in such a sought after location & with condo-quality units. Reach out for more information ASAP, as this opportunity will not last long.
MLS® ID:
PW23015235
Listed:
1/26/23
Updated:
4/1/23
Compass
Accardo Real Estate Company

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
5,976 ft² lot
Lot Details
Value In Land
Sewer
Public Sewer

Other Property Details

Area Name
157 - S Redondo Bch W of PCH
Association Amenities
Biking, Curbs, Dog Park, Fishing, Gutter(s), Park, Street Lights, Sidewalks, Water Sports
Garage
Yes
Garage Spaces
6
Parking
Assigned
Parking Total
6.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
RBR-3A
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/1/23 at 7:32 PM UTC

Compass
Accardo Real Estate Company
Contact