Properties

Redondo Beach, CA 90277 1716 Camino De La Costa

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Presented By: Todd Lesko with Todd Lesko, Broker; t.lesko@cox.net
  • MLS# OC25063474
  • 03/24/2025
  • Get pre-approved
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  • Baths • 1
  • SQFT • 6,778
  • Garage • 8

Home Details

LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beachโ€™s bustling โ€œRiviera Villageโ€ shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2-bedroom, 1-bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi-subterranean on-site parking garages, the propertyโ€™s historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month-to-month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short-term tenancies.
Presented By: Todd Lesko with Todd Lesko, Broker; t.lesko@cox.net

Interior Features for 1716 Camino De La Costa

Other Interior Features

Common WallsNo Common Walls
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 1716 Camino De La Costa

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate3
CityRedondo Beach
Community FeaturesCurbs, Sidewalks
CountyLos Angeles
DirectionsWest on Ave I then South on Camino de la Costa
Electric Expense1026
Entry Locationground level
Fuel Expense1203
Garage Spaces8
Garage Y/NYes
Gross Income217312
HOANo
HOA Fee$
Insurance Expense4009
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet6764
Lot Size UnitsSquare Feet
MLS Area157 - S Redondo Bch W of PCH
MaintenanceExpense5320
Net Operating Income131068
New ConstructionNo
Number Of Units Total8
Operating Expense86244
Pool FeaturesNone
PostalCityREDONDO BEACH
Property Attached Y/NNo
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Tax Lot11
Taxes$47,916
Trash Expense2991
Water Sewer Expense3770
Year Built1958
Year Built SourceAssessor

Exterior for 1716 Camino De La Costa

Building Area Total6778
Lot FeaturesRectangular Lot
Lot Size Acres0.1553
Lot Size Area6764
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters0
Private PoolNo
Total Parking8
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $4,356,000
MLS#OC25063474
List Date 03/24/2025
Property Type Multi-Family
Phone 888.795.6274
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