Clicky

1804 Flagler Lane

Redondo Beach, 90278

0 Bd
0 Ba
5,000 Lot
$2,500,000 SOLD Price | Closed 10/16/23
Closed Status
99 Days on Market
Jun 5 First Day Active
$2,800,000 Start Price

Description

Well maintained 7 unit apartment building located in North Redondo Beach. First time on the market in almost 40 years. The unit mix consists of a 1-2bd/2ba unit and 6-1bd/1ba units and 7 garages. Property is separately metered for gas and electric and has a leased onsite laundry facility. Property is low maintenance and primarily consists of stable long term tenants. 3 of the units have been recently renovated. Projected rental upside of over 25%. Located in a high demand rental area with close proximity to the beach and convenient access to the 405 freeway. Great opportunity to acquire a quality income producing asset in a highly desirable neighborhood. Back on the market through no fault of the property.

More

Property Details for 1804 Flagler Lane

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
mail icon
|
dialog icon
Listing Presented By
Philip Barton
Listing Brokered By
Philip Barton, Broker
Type
Residential Income, Apartment
Year Built
1963 (Assessor)
MLS Area
152 - N Redondo Bch/Villas South

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
99 DOM
Combined DOM*
99
First Date Active
June 5th, 2023
Closing Date
October 16th, 2023
Sold Price
$2,500,000
Orig. List Price
$2,800,000
MLS® #
PW23095581
APN
4156006014
Special
Trust

Home Interior Information

Levels/Stories
Two

Room Information

Laundry
CommonArea

Exterior Information

Lot Description
Level
Lot Size (sq. ft.)
5,000
Lot Size (acres)
0.11
Pool
None
Parking Spaces
7
Garage Spaces
7

Utilities Information

Water Source
Public

Additional Information

Zoning
RBR-3
Buyer's Brokerage Fee
2.000

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

More

Get directions to this property:

Neighborhood Information

MLS Area
152 - N Redondo Bch/Villas South
City/State
Redondo Beach
Zip Code
90278
County
Los Angeles
# of Units
7
More

Listing/Price History

1804 Flagler Lane, Redondo Beach, (MLS® #PW23095581)

Date Details Price Change
Closed $2,500,000
Active Under Contract
Price Reduced (from $2,800,000) $2,600,000 $200,000 (7.14%)
Active
Active Under Contract (from Active)
Show More (1)
More

Listing Summary

Quick Summary of 1804 Flagler Lane: This home in Redondo Beach is priced at $2,600,000 . The Apartment residence was originally built in 1963 and was listed on June 5th, 2023 at $2,800,000, showing 99 Days on Market currently. Contact Dave Fratello today for more information or to go see 1804 Flagler Lane.

More

Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2024 at 8:50pm PDT. 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, 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.