Le Parc

09-01-2021
09-14-2021

6100 S Pacific Coast Hwy, Redondo Beach, CA 90277

  • 28-Unit Beach Community
  • Walking Distance to Riviera Village
  • Large-Scale Reposition Opportunity
  • Over $675K in Improvements Since 2017
  • New Heated Pool, Lounge and Gas Grill
  • Corner Lot with 115’ of Frontage on PCH
  • Original Ownership (55 Years+)
  • Next to 4.8 Acre El Retiro Park and El Retiro Library
  • Across from Corner Bakery, Handel’s Ice Cream, Ortega 120, CVS, Subway, and FedEx

Property Description

Le Parc Apartments is a sizeable 28-unit apartment building situated in the exclusive Southwest Torrance / South Redondo area of the South Bay on the world-famous Pacific Coast Hwy.  The property is located between Palos Verdes Blvd and Prospect Ave within walking distance of Riviera Village, RAT Beach and El Retiro Park. Perfectly located for immediate access to sun, sand, restaurants, shopping and entertainment. The property offers residents large units, a new pool with community patio and barbecue, and covered parking in one of the best locations in the South Bay.

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
1 Bed / 1 Bath 21 625 $ 1,985
1 Bed / 1 Bath 3 850 $ 1,665
2 Bed / 2 Bath 3 1,100 $ 2,795
4 Bed / 3 Bath 1 2,200 $ 3,650

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multi-family type
Garden Style
Price
$ 15,500,000
No. of Units
28
Cap Rate
2.7%
GRM / GIM
22.68
Average Occupancy
93%
Year Built
1964
Building Size
21,141 Sq ft
Lot Size
21,988 Sq ft
No. of Stories
3
APN
7514-005-006
No. of Parking Spots
28
Opportunity Zone
Off
Buy Side Fee
1.25%
Price per unit
$ 553,571
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33.81636, -118.380465

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