601 Garnet Street
Redondo Beach, CA 90277

  • – beds
  • – baths
  • – sqft
  • 8,876 sqft lot
  • 1926 build
  • on site

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Back on market. One of a kind registered historic landmark on 8876 sq. ft. corner lot with 180' of street frontage. 4 owners since built. House-like units with 9' to 12' ceilings, front patios with ocean/PV views and rear doors opening to large grass backyards, dining rooms, skylights, laundry rooms, hardwood floors, plaster walls, lots of built-ins and character. Upper owners unit has windows on 3 sides, formal dining + breakfast rooms and 2 decks. Lower owners unit (former grocery) is huge, currently 2 bed 2 baths + den/kids bed with 12' ceilings, could be converted to New York style loft. The three 1 beds could be expanded in back into 2 bed 2 baths. Building is larger than tax records state. Copper plumbing, EQ retrofitted, separate meters. 5 garages, could be rented separately. Long term tenants, huge upside in rents. Wide quiet street 6 blocks to beach. Mills Act landmark status provides apx. 65% reduction in property taxes. Paid $2.6M 3 years ago and put $ into it, losing 100k @ this price. Vintage SFR + 2 condos next door sold for $5,125,000. Current loan $1,773,000 with Malaga. Seller could take lower value property in trade.

California Regional MLS logo Listed By CRMLS_CA / Leo Nordine / Nordine Realtors, Inc.

Last checked: Checking… • Last updated Apr 19, 2024 •

MLS# SB20033834 —

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Sale history

Date Event Source Price % Change
6/1/20
Sold CRMLS_CA $2,700,000
4/13/20
Pending CRMLS_CA $2,700,000
2/14/20
Listed / Active CRMLS_CA $2,700,000 3.8% (1.6% / YR)

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Multifamily Sold on 6/1/2020

$2,700,000

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Listing provided by broker:

Leo Nordine

Nordine Realtors, Inc.

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Nordine Realtors, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 19:04 on Apr 26.

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