116 Paseo De La Concha $11,990,000


    116 Paseo De La Concha Redondo Beach, CA 90277

    • 16,340 sq. ft.
    • 0.41 Acres
    • Commercial Sale
    • MLS# SB20213406
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    Views: 597 Days On Market: 220

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    Property Details

    A GREAT MAINTAINED 20 UNITS APARTMENT BUILDING AT THE BEACH. It takes a couple of minutes to get the sand by walk from the building. It is in the center of the Hollywood Riviera area. This apartment building is located between Paseo De La Playa and Calle Miramar at Torrance Beach. Comprised of 8 two bedroom/one bathroom and 12 one bedroom/one bath units. There are 4 units have some ocean view from their balconies. Most of the units (about 90%) have been upgraded; some kitchens have travertine stone, granite counters, upgraded cabinets and microwave hoods above stove, some bathroom have upgraded perfectly and much more. The pool is at the center of the building and the laundry room in the premises. There are 20 parking assigned spaces; 19 tuck-under subterranean and 1 enclosed garage space. Separate electric meters, Landlord pays water, gas & Time Warner Cable.

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Leased 20
      • Number Of Units Total 20
      • Year Built 1960
    • Building Features
      • Carport Spaces 20.00
      • Cooling None
      • Laundry Features Common Area,Individual Room
    • Property Features
      • Fencing Block
      • Lot Features Landscaped,Lot 10000-19999 Sqft,Paved,Sprinklers In Front
      • Lot Size Acres 0.4
      • Lot Size Dimensions 17,746
      • Parking Total 20.00


    Daniel Assayag

    Daniel Assayag

    Global Real Estate Advisor

    DRE# 01762501


    Mobile Phone: 310-493-2100


    90277 (Redondo Beach) Demographics

    43 Median Age
    9,825 Population Density (per sq. mile)
    69% College Educated
    $99,358 Estimated Median Income
    7,148 Estimated Total Home Owners
    8,863 Estimated Total Renters
    45% / 55% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    35,204 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,305,000 Median Sales Price
    40 Homes Sold
    43 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $11,990,000
        5/5/2021 10:01:23 AM Price Reduced Source New Value: $11,990,000 -4.08%
        5/5/2021 10:01:23 AM Status Changed Source New Value: Active
        5/3/2021 1:32:17 PM Status Changed Source New Value: Active Under Contract
        12/8/2020 11:48:55 AM Price Reduced Source New Value: $12,500,000 -3.77%
        10/10/2020 4:54:00 PM New in Database Source New Value: $12,990,000

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        Based on information from California Regional Multiple Listing Service, Inc. as of 5/18/2021 4:35:10 PM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.