$4,200,000

Own a piece of the the Hollywood Riviera with this beautiful, well maintained income property. Rare opportunity. Three of the apartments have been re modeled and one is being done now. Located in the highly sought after and vibrant community of Hollywood Riviera, it has a Redondo Beach mailing address and is actually in the city of Torrance. 8 units consist of two 1BR/1BA and six 2BR/2BA. Present CAP is .04%, proforma is .045%. This building is an easy walk to the Hollywood Riviera Village and the beach. Miles of surfing beaches; walking, biking, jogging paths and gorgeous California coastline. Redondo Beach Pier and Marina is a short distance. Located among $million+ homes and condos, fine dining, retail and entertainment. In the Torrance school system, there are several schools nearby. Easy access to 405 & 110 Fwy, LAX and LA Harbor. 11 subterranean parking spaces in the garage with extra storage for each unit, supply storage, a laundry room and a stairway to the courtyard entry.