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$ 1,300,000
$ 1,349,000 3.6%
Est. payment | /mo
3 Beds
2 Baths
5,692 Sqft Lot
$ 1,300,000
$ 1,349,000 3.6%
Est. payment | /mo
3 Beds
2 Baths
5,692 Sqft Lot
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB26101623
Bedrooms 3
Lot Size 5,692 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare South Redondo Beach redevelopment and income opportunity. Held by the same family since it was built in 1924, 922 S Pacific Coast Hwy offers a unique chance to acquire a legacy property with current rental income and significant long-term upside. Currently configured as a duplex, the property features two separate detached Craftsman-style bungalows, each with its own backyard area. The front unit is a 2 Bedroom with 1 full Bathroom and the back unit is a 1 Bedroom with 3/4 bath. A third building provides additional storage, and two parking spaces are located at the rear of the property. The units also have separate gas and electric meters, adding convenience for rental management. Both units are currently occupied by long-term tenants on month-to-month leases, providing immediate rental income while allowing a buyer time to explore future plans, permits, and entitlements. Whether held as an income-producing property, improved over time, or pursued as a full redevelopment opportunity, this property offers a compelling blend of location, lifestyle, income, and upside potential. Situated on a desirable street-to-alley lot, the property offers valuable rear access and development flexibility. Zoned R-3, and per Redondo Beach Public Planning, the site may allow for the development of two detached townhomes. Located on the east side of PCH, just moments from the Riviera Village, shops, restaurants, the Esplanade, beaches, and parks - all the best of South Bay coastal living. Buyer to independently verify zoning, use, square footage, rents, permits, development potential, ent
Location
State CA
County Los Angeles
Zoning Public Rec
Interior
Heating Baseboard
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Meagan Patterson, DRE#02159903 BerkshireHathaway HomeServices
Bought with Vanessa Sokolsky Harcourts Hunter Mason Realty
Bought with Vanessa Sokolsky Harcourts Hunter Mason Realty
NEARBY SCHOOL & BUSINESS
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