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424 S Broadway, Redondo Beach, CA 90277
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424 S Broadway Redondo Beach, CA 90277

$1,999,000
  • 4 Beds
  • 4 Baths
  • 1,008 Sq.Ft.
For Sale
$1,999,000 Get Pre-Qualified
Map preview of 424 S Broadway, Redondo Beach, CA 90277

Property Overview: 424 S Broadway Redondo Beach, CA has 4 bedrooms, 4 bathrooms, 1,008 living square feet and 6,397 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Two blocks from the beach, this 100 year old income producing property can be used in so many ways! Strictly rental income, owner occupied + income, or development opportunity! Property is designated on the historical gold list - Class C. City of Redondo Beach records show subject property is a single-family home, and zoned R3. Sellers disclose an additional 3 standalone units on property may be non-conforming. Additional units include two 1bdr 1bath units and one studio. All units have been partially updated. All tenants under one year lease agreements, except for front house moving 15th of May.

Listed by Jeanevra Calhoun | BRE #01976822 | Beach City Brokers
Last checked: 13 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
6,397
HOA Dues
$0/mo
Year built
1917
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
SB24088634
City
Redondo Beach
County
Los Angeles
Time on Site
18 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Leased Units: 4
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $26,400
  • Pro Forma/Market Rent: $27,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $26,400
  • Pro Forma/Market Rent: $27,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,650
  • Total Rent: $43,800
  • Pro Forma/Market Rent: $44,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $21,600
  • Pro Forma/Market Rent: $24,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.03%
  • Gross Rent Multiplier: 17.26
  • Gross Scheduled Income: $115,808
  • Net Operating Income: $80,645
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $700
  • Laundry Own/Lease: Lease
  • Other Income Description: Landlord pays utilities
Annual Expense Breakdown
  • Total Operating Expense: $35,162
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $22,388
  • Trash: $0
  • Insurance: $815
  • Maintenance: $3,000
  • Water/Sewer: $0
  • Other Expense Description: utility

Open Houses for 424 S Broadway

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Property Details for 424 S Broadway

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Community, Individual Room, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Range, Refrigerator
Interior Features
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Other Structures: Shed(s), Storage
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Parking Features: Driveway, Concrete, Street
Lot Information
  • Lot Features: Back Yard, Front Yard, Lawn, Near Public Transit, Park Nearby, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7508012027
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
  • Offered With Property: Refrigerators, Dishwashers, Furnaces & Ranges not warrantied or guaranteed
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: PCH to Ruby, Right on Broadway
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Redondo Beach Agent

Sale History for 424 S Broadway

Last sold for $1,450,000 on May 10th, 2016

  • May, 2024

  • May 2, 2024

    Date

    Active

    CRMLS: SB24088634

    $1,999,000

    Price

  • February, 2024

  • Feb 7, 2024

    Date

    Canceled

    CRMLS: SB23090713

    $2,121,000

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: SB23090713

    $2,121,000

    Price

  • Listing provided courtesy of CRMLS

    Two blocks from the beach, this income producing property can be used in so many ways! Strictly rental income, owner occupied plus income, or as a development opportunity! Property is designated on the historical gold list. City of Redondo Beach records show subject property is a single family home, and zoned R3. Sellers disclose additional 3 standalone units on property may be non-conforming. Additional units include two 1bdr 1 bath units and one studio. All units have been partially updated.

  • September, 2023

  • Sep 19, 2023

    Date

    Canceled

    CRMLS: SB23095299

    $2,121,000

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: SB23095299

    $2,121,000

    Price

  • Listing provided courtesy of CRMLS

    Two blocks from the beach, this 100 year old income producing property can be used in so many ways. Strictly rental income, owner occupied + income, or development opportunity! Property is designated on the historical gold list. City of Redondo Beach records show subject property is a single family home, and zoned R3. Sellers disclose additional 3 stand alone units on property may be non-conforming. Additional units include two 1bdr 1bath units and one studio. All units have been partially updated.

  • May, 2016

  • May 10, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,450,000

    Price

  • November, 2014

  • Nov 6, 2014

    Date

    Sold (Public Records)

    Public Records

    $2,800,000

    Price

Show More

Tax History for 424 S Broadway

Assessed Value (2020): $1,569,526
Year Land Value Improved Value Assessed Value
2020 $1,255,621 $313,905 $1,569,526

Home Value Compared to the Market

This property vs the competition

424 S Broadway is listed 28.22% higher than the median list price for the city of Redondo Beach which has a median list price of $1,559,000. The median price per/sqft for Redondo Beach is $837 and this home is listed at $1983.13 per/sqft which puts the price per square foot 136.93% higher than the median price per square foot for the city of Redondo Beach.

About 424 S Broadway

Detailed summary of property

424 S Broadway is a single family home located in Redondo Beach, CA 90277 and is currently for sale. This house offers 4 bedrooms, 4 bathrooms, roughly 1,008 living square feet, and sits on an approximately 6,397 square foot lot. 424 S Broadway was first listed on ArdentRealEstateGroup.com on May 2, 2024. The homeowner is currently asking $1,999,000. The median priced home in Redondo Beach is $1,559,000 with a median price per square foot of $837. Based on Ardent Real Estate Group's Redondo Beach Market Data, this home is listed 28.22% higher than the median priced home. Local competing homes currently for sale include 7417 W 81st St, 7912 Mcconnell Ave and 7920 Denrock Ave. While the average home in Redondo Beach, CA is selling in 40 days, 424 S Broadway has a days on market of 14 days. There are currently 155 homes for sale in the Redondo Beach real estate market and 55 of them are single family homes while 25 of them are condos and 75 are townhomes. For more information on this home for sale at 424 S Broadway Redondo Beach, CA 90277 contact Ardent Real Estate Group and we will put you in touch with one of our Redondo Beach agents.

Public Facts for 424 S Broadway

Public county record property details
Beds
2
Baths
1
Year built
1917
Sq. Ft.
1,008
Lot Size
6,395
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
7508-012-027

The source for these homes facts are from public records.

90277 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,788,000
Median List Price/Sq.Ft.
$930
Median Sold Price
$1,630,000
Median Sold Price/Sq.Ft.
$972
Total Inventory
76
Median Sale to List Price %
98.79%
Avg Days on Market
26
Loan Type
Conventional (31.71%), FHA (0%), VA (2.44%), Cash (36.59%), Other (21.95%)

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Redondo Beach Agent
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(714) 706-1823
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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