1927 Artesia BlvdRedondo Beach, CA 90278

Property Details for 1927 Artesia Blvd

Year built

1962

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

5,881 SF

Zone code

RBMU-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4155-029-033

APU

4155029033

Description

This unique special purpose property, located at 1927 Artesia Boulevard in Redondo Beach, California, presents a compelling investment opportunity at an asking price of $100,000. Situated in Los Angeles County, zip code 90278, this property offers a distinct chance for creative buyers. The property's precise use is undefined, allowing for a wide range of potential applications tailored to the buyer's specific needs and vision. The address is conveniently located at 33.8731382 latitude and -118.3789121 longitude, providing easy access to local amenities and transportation networks within Redondo Beach. Given its "Special Purpose" designation and lack of defined units, this property is ideal for those seeking a blank canvas for development or a unique investment outside of traditional multi-family or commercial uses. The absence of existing units allows for complete customization and the potential to maximize the property's value based on a tailored approach. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is offered as-is. Further due diligence is recommended to fully assess the property's potential and suitability for intended use. This is a rare opportunity to acquire a unique property in a desirable location at an attractive price point.

• CAP approach

  CAP return

  Valuation

  6%

  $1,747,349

  6.5%

  $1,612,937

  7%

  $1,497,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,418,850

  Geo Method

  $1,418,850

• Alternative Use

  Use

  Valuation

  Residential

  $2,000,042

  Hospitality

  $1,832,028

  Educational

  $1,524,226

  Medical

  $1,576,646

  Retail

  $2,371,018

Location Insight

City

Redondo Beach

County

Los Angeles

State

California

Latitude

33.8731

Longitude

-118.379

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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