108 N Broadway
Property Overview
Presenting a historic, turnkey 6-unit apartment community located in the heart of Redondo Beachjust blocks from the ocean and pier. This asset features an attractive mix of one 3-Bed/2-Bath and five 1-Bed/1-Bath apartments. Significant tax savings via an active Mills Act contract (saving ~60% on annual property taxes post-sale) boosts net cash flow. NO LOCAL RENT CONTROL! All 6 units are 100% occupied by qualified, long-term, at-market tenants. The entire property has been professionally designed and upgraded, including electrical (main panel + subpanels), plumbing, designer kitchens & baths, exterior facade, and landscaping. Easy to secure quality insurance based on key upgrades. Massive builder upside: architectural plans for 6 detached ADUs are approved by Planning and currently under Building Department review.
Home Details
- Property type
- Residential Income
- Year built
- 1906
- Living area
- 4,352 sq ft
- Lot size
- 7,608 sq ft
- Parking
- 6 spaces
- Stories
- 2
- Days on market
- 1
- MLS status
- Active
Features & Amenities
Interior
- Ceiling Fans
Appliances
- Dishwasher
- Microwave
- Refrigerator
- Dryer
- Washer
Parking
- Assigned
Community, Schools & Utilities
Utilities
- Heating
- Combination
Location & Neighborhood
Frequently Asked Questions About 108 N Broadway
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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