Sold

Closed

517 N Francisca Avenue

Redondo Beach CA, 90277

$2,755,000


$516.69 per sqft

Sold

Closed

5,332 sqft

Condo

Built in 1971

Listed by Shane Young with Younglewin Advisors, Inc. 562-318-0215

We are pleased to present a unique opportunity to acquire four townhomes, in a trophy location, at a low basis. Priced at a 17GRM, $523/Sq.Ft., and a current 4.21% Cap (Pro forma 5.08% cap), this is available at a cost well below the comps.
The subject property consists of one 3 bed/ 2.5 bath, one 2 bed/ 2 bath, & two 2 bed/ 1.5 bath townhome units. Each unit has its own private balcony/patio space, as well as its own private roof top deck. There is ample parking onsite, as well as onsite seller owned laundry for additional income. 517 N Francisca is located steps from the Redondo Beach Pier, the beach, Hollywood Riviera, and the 49 Acre 2,290 unit power plant development. This is one of the lowest GRMs, and lowest price per foot you'll find in such a sought after location & with condo-quality units. Reach out for more information ASAP, as this opportunity will not last long.

PW23015235

MLS ID

March 15, 2023

Listed

May 25, 2024

Updated

Map

517 N Francisca Avenue
Redondo Beach CA, 90277

Interior Features

Total Stories

3


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Value In Land


Sewer

Public Sewer

Other Property Details

Area Name

157 - S Redondo Bch W of PCH


Days on Market

69


Garage

Yes


Garage Spaces

6


Parking

Assigned


Parking Total

6


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

RBR-3A


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/12/2023

Price Change

$2,755,000

-2%

5/12/2023

Sold

$2,755,000

Listing Contact: 562-318-0215 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:26 AM UTC

 

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