AOA Apartment Brokerage




5906 S. Pacific Coast Hwy
Redondo Beach, CA
Property Description Location Investment Gallery Company Info
Listed by Greg Marderian
Real Estate Sales
(800) 827-4262
greg@aoausa.com
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Property Description

Property has copper plumbing and a new central water heater. Very large units.

 
Property Summary Unit Amenities Common Area Amenities
  • 12 Units
  • Built in 1962
  • Approx. 10,509 sq. ft.
  • Excellent unit mix.
  • Average unit is approx. 875 sq. ft.
  • Month to month leases.
  • Copper plumbing & new central water heater.
  • Charming courtyard / mature landscaping.
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Property Location

Redondo Beach does not have one key year in its history, it has several. Over the centuries the City has been inhabited by Native Americans, was a booming trade center for oil and lumber, and was fashioned as a popular resort town.

Before 1784, Native Americans occupied the Redondo area. They lived off the sea and used the salt flats located where the Edison Company is today. This Native American land became Rancho San Pedro in 1784 when the California government made it part of a large land grant to the Juan Jose Dominguez family.


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Property Investment
Summary Income & Expense
Pricing
Price
$2,750,000

Price/Unit
$229,167

Price SF
$262

Actual Cap Rate
3.65%

Actual GRM
18.05

Unit Mix & Rent Schedule
Unit Type Rent
1
2
3
4
5
6
7
8
9
10
11
12

2+1.5
S+1
2+1.75
S+1
1+1
2+1
1+1
2+1
2+1
S+1
2+1
S+1

$1,200
$1,000
$1,900
$700
$850
$1,000
$1,095
$1,000
$500
$900
$1,400
$900

12   $12,445

Income
Scheduled Rent
Laundry
Effective Gross Income
$149,340
$3,000
$152,340

Estimated Expenses  
Taxes
Insurance
Water
Gas
Electricity
Trash
Gardener
$34,375
$5,500
$3,300
$2,168
$720
$4,968
$960
Net Operating Income $51,991
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Company Info
  • Proven marketing techniques/ multi-point marketing plan.
  • Attention to detail and close communication with clients.
  • Experienced in 1031 tax deferred exchanges.
  • FREE, no obligation property evaluations.
  • FREE educational seminars throughout the year.
  • Supported by one of the largest associations for apartment owners in the United States; the Apartment Owners Association of California, Inc.

For over 25 years, the Apartment Owners Association of California, Inc. (AOA) has provided California apartment owners with low cost, full service apartment owner resources. Founded in 1982 by Daniel C. Faller, AOA has become one of the largest apartment associations in the United States. AOA is proud to serve over 20,000 members.

AOA also publishes the monthly AOA Magazine which includes all featured listings offered by AOA Commercial Brokerage. It is the most widely circulated magazine in the nation reaching over 100,000 apartment owners and property management companies.
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