824 Torrance, Redondo Beach, CA 90277
Active
$2,975,000
6 Units
1 Beds
0 Baths
4,823 Area(sq.ft.)
Lot: 9,127 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 1 | 0 | No | $ 16,875 | $ 16,875 | $ 17,200 |
| 6 | 6 | 0 | $ 101,250 | $ 101,250 | $ 103,200 |
| MLS #: | PW25124572MR |
| Days On Market: | 186 |
| Listing Date: | June 3, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 617 |
| Price per unit: | $ 495,833 |
| Year Built: | 1935 |
Property Details
This is a rare opportunity to acquire a flexible, mixed-used portfolio consisting of three contiguous parcels totaling 9,127 sq ft on a prime corner in South Redondo Beach. Located just blocks from the Redondo Beach pier and esplanade, the site is walkable to premier retail, dining, and entertainment options. 824-830 Torrance Blvd is a two-story mixed-use building with two commercial units on the first level and two residential units on the second level. 832 Torrance Blvd is a standalone oversized commercial structure currently used a media studio. 301 S Lucia Ave is a detached single-family residence with a private parking area and outdoor space. Three of the units are leased to long-term tenants on flexible, market-rate leases. The other three units can be delivered vacant. This property is ideal for investors seeking a 5% CAP rate from day one, owner-users desiring a live/work setup, or developers considering future repositioning under C2 zoning. Please see the attached Offering Memorandum for further details.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 55,182 |
| Net Operating Income: | $ 147,317 |
| Cap Rate: | 5% |
Structure
| Community Features: | Biking, Curbs, Gutters, Sidewalks, Suburban, Urban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Carport, Driveway, Garage |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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