1716 Camino De La Costa, Redondo Beach, CA 90277
- $4,000,000
- Sold Price
- $4,000,000
- List Price
- $4,356,000
- Closing Date
- Sep 04, 2026
- Status
- CLOSED
- MLS#
- OC25063474
- Year Built
- 1958
- Lot Size
- 6,764
- Acres
- 0.16
- Lot Location
- Rectangular Lot
- Days on Market
- 444
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beach’s bustling “Riviera Village” shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2-bedroom, 1-bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi-subterranean on-site parking garages, the property’s historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month-to-month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short-term tenancies.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $231,427
- Operating Expense
- 97144
Listing courtesy of Listing Agent: Todd Lesko (t.lesko@cox.net) from Listing Office: Todd Lesko, Broker.
Listing sold by Devin Jensen from Jensen Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.