Water Views
Address
500 N Helberta Avenue Redondo Beach, CA
Price
$ 4,650,000
Property Attributes
  • MLS#SB21059439
  • TypeIncome
  • CountyLOS ANGELES
  • CityRedondo Beach
  • AreaS Redondo Bch N of Torrance Bl
  • Zip90277
  • Style
  • Price$ 4,650,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Brian Estes with Re/Max Commercial & Investment.
Data Source:
CRMLS
Property Description

500 N Helberta Ave is an 8 unit property and includes a stand alone 2BR/1BA home. Excellent unit mix: (3) 2 Bedrooms/1 Bathroom, (4) 1 Bedroom/1 Bathroom & (1) Studio. All units have been meticulously updated and renovated. New kitchens: shaker cabinetry, quartz counters, designer tile backsplashes and most have new stainless steel appliances and real marble floors. Bathrooms: new tub and tiled shower enclosures, new vanities, lighted mirrors and new fixtures. All units have new hardwood laminate flooring, have been freshly painted with modern color schemes and have private outdoor space. Select units have ocean views. All new plumbing and electrical systems. All new windows. Each unit has its own water heater (7 of 8 are brand new). Onsite laundry (machines owned) and secured garage parking. One garage used by the owner could be rented for additional income. The property is ideally located just a few blocks to the beach, Redondo Beach Pier, marina and Seaside Lagoon. It’s close to a number of restaurants and walking distance to Whole Foods and Starbucks. Also walking distance to award winning schools of all levels. Every unit is occupied by a great tenant at solid rental rates. The current/actual gross annual income is $255,840. With a real NOI of $173,301 the property is priced at an above market 3.75%+ CAP. It’s a turnkey asset perfect for an exchange buyer or anyone looking to add a well located asset in great condition to their portfolio.

Price History
3/22/2021 Listed $4,650,000

General Features

Community Features Suburban
Garage Spaces 7
Garage Y/N Yes
Levels Two
MLS Area 155 - S Redondo Bch N of Torrance Bl
Open Parking Spaces 5
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Total Units 8
Zoning RBR-3

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Size Acres 0.16
Lot Size Area 7177
Lot Size Source Assessor
Lot Size Square Feet 7177
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Total Parking 12
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90277

Price
AVG $3.7M
$4.65M
Visits
AVG 12
20
Year Built
AVG 1937
1935
Walkscore
AVG 84
84
Data Provided by Walkscore ® not using MLS data

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